gold price , page-3

Well mining stocks being hit means CHN should get more bang for their buck but it is likely to push back the date on any diversification.

As for folding the company it depends on what worth is put on the remaining Eritrean tenement. It does look promising with more results to come but it will be highly discounted due to political risk.

The present thinking seems to be that the present regime is vulnerable but the regime could lead to instability.

long

http://www.crisisgroup.org/~/media/Files/africa/horn-of-africa/ethiopia-eritrea/200-eritrea-scenarios-for-future-transition.pdf

short

http://www.crisisgroup.org/en/regions/africa/horn-of-africa/ethiopia-eritrea/200-eritrea-scenarios-for-future-transition.aspx

Maybe the deciding factor would be if international actors (U.N U.S E.U) start influencing things if when Afwerki’s is off the scene. A early helping hand would make sense as no one would want the country to develop into a another Syria or Somalia but are the politicians smart enough to see that.


http://seekingalpha.com/instablog/485861-proactive-investor/1759641-south-boulder-mines-completes-demerger-of-non-potash-assets

Maybe we could see a split here after chalice goes for a new asset.