John LeeHere is my experience with business "ventures" involving this sleezy character.
I was first introduced to John Lee when he was selling his Mongolia project in early 2000. Then he created Prophecy Coal - V. PCY in 2007 and the venture was to build coal mines and sell coal to both Mongolian and "Russian" businesses. Not only that, John Lee promoted the idea of "building" coal power plant to provide a quarter of electricity in Mongolia. I left when I figured out this was a scam.
Around the same time John Lee attempted to flea Prophecy Coal and moved into much sexier than PGM group plays. here is how he got involved in NCL in 2009 - a PGM developer in Yukon. As the CEO of NCL, John Lee was all talks about the future was the limit, blah,blah, blah.
My point is this - watch out when you invest in projects lead by John Lee - it is always his ideas and your money