Post by
digingdeep on Oct 15, 2013 1:39pm
I DONT SEE THIS WILL HAPPEN
Honestly, I dont see the Colombia government creating such a catastrophic problem. It will affect serious companies from (Canada, US, Brasil, Kuwait, arabs), and main shareholders of the companies.
Dont forget that these companies already have 15-20 million ounces of gold already under NI43101, which mean that any indemnity (damages and losses) as a consequence of expropiation from Colombia government will have serious and catastrophic consequences not only to the macro economy of colombia but also political for colombian government, now and for future investments for losses of investment opportunities. The consequences are hughe and catastrophic.
My estimate is: 20 million ounces of gold x $400= US$8,000,000,000 indemnity at least, for these mining companies.
We need to consider that future investments will stop.
That, will break the colombian economy..
Lets be possitive, and wait for the explain from colombian authorities in the next days,
regards,