Sorry to hog the site, but if mining tenements did not have to be 'worked' and could be kept or 'land banked' for very long periods of time, ths mine / share and most mines would be snapped up by a multitude of buyers.
The problem is they do need to demonstrate mining progress. I'm sure there is a mining term for this.
Out of interest how often do govts take mining tenements off listed mining companies? I guess it happens quite a lot at small prospector level.
Does it happen in Africa, Canada, USA and Australia at similar frequency?
So if China was to buy out BMN but did not intend to develop the mine for say 7 to 12 years time, there would be a good chance the Namibia govt would remove initially the mining license and then the tenement. Is that right?
to recap, page-36
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$3.33 |
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