This is interesting - interview with Rick Rule, Chairman and Founder of Sprott Global who recently invested in CNR along with Ross Beaty. He's certainly on of the giants of gold investment / development.
In the interview I picked up particularly, from around 4:20 ...:
I don't want to distract myself with .. small amounts of money
I want to be involved in big positions that I know very well with extremely high quality management teams
I want to hang out with ... Ross Beaty ... the best people ... in the best projects ... that's where I'm gonna make my money
Also, from around 8:40, some explanation of what and why he's investing in now, which may give pointers to his thinking re CNR ... new names ... undiscovered or unappreciated value ...
Quite a nice, honest, self-deprecating interview, and very positive for CNR!
Although I respect your view point as you are clearly fairly well-informed regarding Nic I still consider your conclusions regarding the EIA to be based on dubious hearsay.
In my view, they will award the permit sooner rather than later to get it our of the way before the election in November. Although Marena grant the licence they are not independent of other political departments who can exert influence e.g. Foreign Ministry, The President's Office, Ministry of Energy and Mines and others. The fact that La India mine could increases the third largest export by 30% to 40%, create hundreds of jobs, bring in $120m of foreign direct investment and regenerates a very poor part of Nicaragua, means it is of strategic national importance and of significant interest to departments other than Marena which may well exert influence on the decision making process. Furthermore this is an old mining district that produced 570,000 oz gold (Noranda) and in planning terms it is a brown field site. That makes it easier to permit than an area/province with no history of mining.
We could argue about this until the cows come home so I will not be saying much more on the subject. I still believe that they will get it permitted asap and get it out of the way before the election but time will show who is correct! If you are right about the opposition being disorganised and the Gov being heavily odds on for victory I can't believe they will be too worried about re-permitting an old mine in a country where several mines are already in existence.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.