Core Gold DMMIF

RE: RE: March-->July-->August-->October

[goindwn]

As a guiding principal I would agree that governments should be making every attempt to improve the people’s standard of living.  However, by pushing the rates of return on capital intensive project to low levels, the government will stifle the mining industry, and in the future significant new capital will be deployed elsewhere.  If the government wants mining money to seriously flow into the country, then they have to leave sufficient meat on the bone. 

 

So to your point I would counter that delays in negotiating timelines, demands of large up-front payments, and threats of expropriation all tend to increase development risk.  This, coupled with low project returns, is not policy that will create the greatest benefit for the people.