Bad news/Good newsThe military rulers in Mali have begun to implement the new mining law.
A large lithium operation will be operated by a Chinese mining company. The Malian government will get 35% of the action up from 20%.
This sort of thing may start hitting close to home.
The good part is that rather than just taking possession of the mine from the previous owner and giving it to the Chinese, they allowed a sale.
So, this gives me hope that B2 might be able to monetize its assets if push comes to shove.
Surely there are plenty of Chinese gold mining companies that would be all over it if the opportunity were there.
In comparing B2's balance sheet to that of other companies, I find that B2 is head and shoulders above many others.
IMO, it is way underpriced primarily because of the Mali situation. If B2 can escape with some renumeration, I think it will be in the shareholders best interest.