nectar,
No use preaching to the converted regarding the value of the resource.
The problem now is sovereign risk.
IMO the richness of the resource, now more generally realised despite the stalled adit, has raised the sovereign risk. How else can the lease issue be adequately explained?
IMHO forces inside PNG have aligned in an attempt to prevent IndoChine from succeeding, although this resistance is well disguised behind legal issues.
I would like to be proved wrong, but having been a student of human nature for a good long time, my bullshit detector is sounding off.
23.
IDC Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
