Mina Pascua -- only the road is valuable
Since 2001, the only mining company in the world which caved into the terms and conditions of Jorge Lopehandia and Partners is Mountain-West Resources, Inc. by agreeing to pay $1.8 Billion for 50% ownership. What a reputation which will forever rest on the gullible “insiders & iHub posters, except quer”. One needs to read a single 2007 newspaper article to see that Jorge Lopehandia is a junior player for the Mina Pascua property. The only value on the Mina Pascua property is the road on top of the ground. There could be zero underneath (only available asset, mining claims). Villar has tied to ABX Pascua Lama because of the “road”.
https://www.gata.org/node/4896
On March 10, 2007 Toronto Star reporter Rick Westhead described Villar as a “mining speculator”! He wrote key information in this article which should have been researched by Brent Johnson and Dale Wunderlich (a former White House Secret Service Agent who found Tronox to joint venture with MWR). Weshthead wrote: “…Located in the thin, frigid air of the Andes some 4,500 metres above sea level in northern Chile, the mine reportedly has gold and silver reserves worth US$12 billion. Lucky for Villar, the lone road to the mine snakes straight through his claim...Both Villar and Montealegre have been trying to sell financial interest in their case against Barrick, "on the streets of Vancouver, on the Internet, and wherever else they can," Garver said. For instance, a Dec. 1, 2006, email solicitation allegedly distributed by a German company offered Villar's "litigious rights" for $600 million. The email, provided by Garver, alleges that once Villar's claim is confirmed by Chile's high court, the value of his mining interest will eclipse $1 billion...The Andes can be treacherous terrain. Forty-five Chilean soldiers froze to death last year while on manoeuvres in the mountains, where exposure to the open air can burn the skin in seconds and sear the eyes purple. At least three years before Pascua-Lama is to produce its first gold and silver bars, 12 people have already have died in accidents related to the mine's preliminary construction. The most recent were four workers in 2001 who were caught in a severe blizzard high in the mountains. As snow engulfed their pickup truck, the four left the engine idling to keep warm and died of carbon monoxide poisoning, Kettles said. In the streets of Vallenar, a bucolic city of 20,000 replete with leafy plazas and bright-coloured, clay-roofed houses, opinion over Pascua-Lama is polarized…Even if it fails in its legal battle against Villar, it won't thwart Barrick from using the narrow roads to Pascua-Lama, Garver said. That's because Villar would only control mining rights to the disputed territory, not surface rights…”
goldpanner and goldfork and buddies just joined the dummies (BJ, TJ, BO). No wonder Vic Erickson immediately resigned last month from the MWR Board of Directors.