share price, page-9

The Lion Gold should buy Minera Nueva Vista from RAU without any obstacles. It has the investment capital, which Bolivia is lack off.

It looks like the major RAU’s shareholder, Jojo Enterprises Pty Ltd (244,857,446 shares – 7.32%), is counting on a good deal. Otherwise, they would sell their shares long time ago.

Here is an article from May 17, 2012


Bolivia has no resources for Mining Projects

Bolivia . - Bolivia has no resources for Mineral Projects President of the Mining Corporation of Bolivia (Comibol), Hector Cordova, said that Bolivia does not have human resources or technology to address large-scale mining projects, as the site Mallku Khota because 25 years of neglect of the sector by the neoliberal governments.
"The state has some weaknesses as a result of many years we have lived neoliberalism, universities have welcomed new students in careers in mining, metallurgy and geology, also closed the Research Institute of Mining and Metallurgy and now if we do not have technology launch of a new and modern, "he said.
He also argued that another mining restrictions is the lack of financial resources for investment. "We have no availability (of money) and this limitation has made us constantly seek partners," he said.
He noted that the state take control of mineral production in the country shall be a long time. "It's a long process, we have implemented the mining metallurgical research center, but to reach the level we had or we need to still be long," he said. (The Times)

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