Shandong Gold is basically owned by the Shandong Provincial...

Shandong Gold is basically owned by the Shandong Provincial government. Chinese government instrumentalities aren't setting up international vehicles for mining projects so they can write them off. They come to mine and exploit our minerals. You might have needed to write off the shares you had but Shandong won't be doing the same while they are reporting $80.354 million of cash at the end of the last quarter. If FML make a good discovery and they need more money for development I'm sure it won't be hard for them to get, not like most of the other cash strapped exploration plays going around. When the commodity cycle is low and the market for mining stocks is weak I stick with companies that have cash and have a chance of developing.

$80.354 million in cash. Two gold processing plants. Significant gold resources, large exploration acreages and three new discoveries. These are hard assets my friend and are currently valued at $58 million by the market. Some tech companies on the market are valued at 2 or 3 times this much on the basis of untested, not yet commercialised IP and little or no tangible assets.

Eshmun