PSThe brains that set up Goldcorp. RM speaks volumes. Rob McEwen cashed out at $28 million to find the next big find. The rules in North America make a mine startup, to take 8 years. The competition in Asia is at 1 year.
"Unfortunately, our government has put so many restrictions in place that from the time you say you have enough mineral resource or reserves to justify a mine, you’re three to five years away from generating any revenue. You have to permit it, build it, and start getting a cash flow."
"I’ve met a number of Chinese mining people, and they say, “What’s wrong with you people? When we find a deposit, we put into production within a year.” That’s the competition. We have introduced our too much regulation and at the very time when a lot of our manufacturing jobs have gone off shore. Natural resources are going to be one of the sectors that keeps North America afloat. We need to abbreviate the regulatory and permitting process. The government needs to make it easier to get business done while maintaining all the safeguards for protecting the natural ecosystem."
Maybe Robert is way ahead of his time. The head of G saw his moment to form Goldcorp US. The SP does not support the dream at the moment. look out for what the future holds. This, along with a lot of the junoir miners with substance and cash, will provide huge dividends to the boarders that due their DD.