DDzx"The wonderful Congo"This is the quote verbatim from ELM's...

DDzx

"The wonderful Congo"

This is the quote verbatim from ELM's site about Congo.

This is one of the reasons I am on the fence with ELM (and STB and FMJ for that reason).


"The Republic of Congo (ROC) is situated on the western edge of the African Continent and borders the countries of Angola (Cabina Province), The Democratic Republic of the Congo, The Central African Republic and Gabon. It has a total land area of 342,000 km2 and a population of approximately 4.0 million people of which 45.9% are less than 14 years of age and an estimated 83% are literate (CIA World Fact Book).

The ROC was a former French colony which was granted independence in 1960, from 1960 to 1990 the country was effectively Marxist led though a democratically elected government took office in 1992. Since then the country has been the subject of several civil wars which finally ended with the signing of a peace accord between the government and the southern based rebels in 2003.

Oil is the predominant export of the ROC with oil production expected to be in the region of 300,000 bpd in 2009 which will increase to 360,000 bpd in 2010 with the development of the Moho Bilondo field. Oil accounts for 70% of the ROC?s GDP (USD 9.1 billion), 81% of its fiscal revenues and 91% of its total exports. The ROC government wants to diversify away from reliance of oil and has recently agreed to investments of USD 3.0 billion by ENI (Italian Petroleum Company) in biofuels and USD 1.2 billion by Mag Industries (MAA -TSX-V) to develop the 600,000 tpa Kouilou Potash Mine."



Believe me I am trying to find a good reason to invest, but can't see it. And this is precisely why I am seeing such a compelling story here.

Perhaps I am posting on the wrong forum, but it is related to our discussion about the merits of TRH, namely USA vs Congo, Eritrea and Kasaksthan.

If you can put me right about Congo, perhaps you could do a brief answer and then we can carry this on over at the ELM thread.


Please help me, I do want to find a good reason to invest in these other three potash, but at the current prices I just can't see it.