Yes, Sirdean. It's a great country but not without serious systemic problems like church, politics and business. So need to keep eyes wide open while looking at any opportunities. It's so easy to do your dough and nobody in the country could care less.
The mining industry in the Philippines attracts the worse of them on both sides at all levels. And if like MRC, they say "so and so says this" and "don't worry about that" or "the approvals are coming", like they always do, start walking.
The world's largest mining scam in terms of capital loss, Bre-X, was perpertrated in part by a Filipino on the TSX.
Personally I don't think Tampakan will ever happen, and I've been saying that for years. Maybe one day I'll be proven wrong.
Yes, Sirdean. It's a great country but not without serious...
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