RE: RE: RE: RE: RE: RE: EAS' value? Two additionalUpon revisiting my notes, I find confirmation that East Asia does not have an active project in North Sumatra that is located in national parks or preserves but I cannot find confirmation that any projects, or Miwah in particular, are not located at least partially in designated protected forest areas.
I don't believe the first stage of an IUP is the final word on all applicable laws even if conversion to a mining license is automatic. Laws, even (or should I say especially) in developing countries, don't tend to work that way.
I'm inclined to revisit the subject at this point especially with the recent issuance by Jakarta of new forestry regulations and the ongoing evolution of the new Mining Law upon which the IUP is based.
There is always going to be some environmental risk with a mining project regardless of where it is located, and especially given the recent events with Greystar in Colombia, it is encumbent upon prudent investors to maintain a contemporary understanding of that risk (as well as other risks).
In closing, this type of scenario is precisely why I (and others should as well) hang around Stockhouse and other forums where hopes, dreams and concerns are freely exchanged in a marketplace of ideas.
I'll be sure to report back with my thoughts on this subject once I've had a chance to do some additional research.
P.S. I love it when I do a spell check and "Stockhouse" comes up as being misspelled!