Just thinking what I would be doing if I was MC. I can be confident that everything in place now for a profitable mine, with currently identified resource, studies and political support. Buyers will be aware of this, but I suspect are waiting for a bit more info: 1. want necessary licenses and permits in place so they can be sure they can progress to plant commissioning and production without delay 2. establish potential / likelihood for greater resource (and I, MC, want this too) As I (me now) understand it from recent presentations etc the necessary applications for permits and licenses have been submitted. We should also be hearing the initial results of soil sampling and drilling which will provide initial indications re 2. Assuming both of these progress in a positive way, I imagine that green lights will be switched on for potential purchasers AND the value of La India will increase significantly (hopefully reflected in sp!)
The world economy is like....
From Stephen King, an economist I have time for: -“The world economy is like an ocean liner without lifeboats …” – HSBC - Four areas of high risk identified by HSBC - Risk of stock market crash - Pension funds and insurers may not meet obligations - Chinese recession may drag U.S. into recession or depression - Premature rate rise would expose very fragile global economy - “There aren’t enough lifeboats to go round” - Gold vital lifeboat when global ship strikes iceberg http://www.goldcore.com/uk/gold-blog/global-economies-titanic-problem-warn-hsbc-gold-is-lifeboat/
Amur off the back of Mining licenses in Russia.
Now that is a lot of dirt!
It would certainly provide B2GOLD with the cash resources to take out CNR and have a substantial amount left over for other corporate activities.
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