RE: erithreaAt my knowledge Mr. Bertoni is there since 2000 and Tim Williams arrived thereafter with Eritrean Minerals.The new management started up with Mr. Girard in 1996 or so and they made a deal with Pangea in 1997.So for myself, even if MDN is 50 years old, they made a major move 9 years ago and they have 2 world class geologists that will do the difference between doing promotion and discovering mines.MDN have over 20 licenses around Tulawaka. I'm a native of Thetford Mines where over 11 asbestos mines were making money sometime ago. I'm also a mining technologist and I have worked in mines over 20 years in iron ore and titanium. When you have a deposit somewhere, it's almost sure that you have other ones around. When I worked for IOC, there were 5 pits running at the same time in a square of 20 miles. What I try to tell you , it's Tulawaka is the tip of the iceberg. This country around Tulawaka has not been discovered by artisanal mining because there is about 4 to 10 feet of soil over the geologic bedrock that contains ore. So it's harder to do the exploration but MDN acquired the expertise with Pangea and with new available technology they can target the most probable sites containing gold. So in the last 3 years, MDN did the geophysical and geochemical work to define the best targets to drill. So they did the drilling on some of the targets but there is more to come in the next months and years ahead.
So the most exciting part is just ahead of us. For Eritrea, just think of the discovery of Nevsun. The potential for MDN to discover a big gold or VSM deposit is there. Unfortunately, a year has been wasted but the exploration companies could go back on site and things will come back to normal.It's sure that the confidence of investors has been tested, but it will come back.
Warren Buffett said: stockmarket is easy,it's the impatient investors that give their money to the patient ones. Which one do you prefer to be ?
Have a good week, Pierre013