Strongy good post...thats only gold we are talking about..SARCO is at an interesting point in time right now. Why?
NFC have engaged a consulting firm to put forward a proposal for a mining licence...given the Laos govt wont be giving the green light for mining operations until 2015, this works in our favour anyway as mining approval is expected 2013, then we must submit an EIA plus BFS which will take SARCO IPO into 2014 just in time for construction of refinery into 2015...I strongly think 2015 is a pivotal year in terms of Laos infrastructure as there are numerous projects being undertaken ie roads, rail, hydroelectricity works which bodes well for logistics and transport of Alumina to China...dont forget the Aluminium price which is expected to creep up long term...i still hold confidently
VAN Price at posting:
1.5¢ Sentiment: LT Buy Disclosure: Held
