RE:RE:RE:GoM's 34% of OT
Yes CG - In this case, the silence is golden as it says that they are really getting down to some seroius business.
Having said that, What the current GOM has been for Mongolia and anyone involved with Mongolia has amounted to nothing short of a major dissaster. Even now, we have the price of copper breaking below $2.70 and dropping. For Tinto its strictly a matter of business as they have their defined criteria for mine development - world class, low cost producer and profitable throughout the commodities price cyclle and the current state of the economy and declining price of copper does not put the GOM in a very good negotiating position. The only positive is that TINTO also takes a long term view on development which means that they will to some expent look past the current weakness. There is still IMO a good chance that Tinto decides to ride it out till the next election is over. The current government is pushing osterity down to an already suffering electorate and this usually does not bode well come election time. The people have seen that the DONK way does not work.
Time will tell.
One another subject - I may shortly be joining the long suffering ETG share holders (thinking of openning a position in the next month or so). I have followed both compannies since my initial investment in IVN years ago. ETG holds a nice chunk of the high grade ore at OT and after the mess with the GOM gets sorted out, TRQ and TINTO will have to deal with ETG. It may take years but at 20 cents, years will still amount to a very large payday when it hits.
JMO - As the games continue!!!!