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Re: BullionM post# 540

Wednesday, 12/10/2014 12:15:41 AM

Wednesday, December 10, 2014 12:15:41 AM

Post# of 757
That would be nice. I'm still skeptical anything short of a substantial positive development out of Russia or Haiti will be enough to really move the price. Along those lines the Haitian government still has yet to figure itself out, going on 3+ years now:

http://www.miamiherald.com/news/nation-world/world/americas/haiti/article4381663.html

Let's hope Newmont lobbying has been successful.

With continued deterioration in Russian ruble, let's hope any capital controls / restrictions don't get in the way of any potential property sale. For all the geopolitical bluster and nominal food sanctions, Russia seems to be leaving most international business alone. I still like the play on a risk adjusted basis, but am not sure about committing any more capital there on further properties without realizing some sale for Malmyzh so it becomes house money.

On the JV front outside of continued advancement of Akarca, not seeing anything else near term. Rio Tinto and Vale are gone. Savant drilling program halted due to weather. Only small time partnerships out of NZ / AUS region. Hopefully Desert Star can get a couple of drill hits, but these deals won't really pay in a meaningful way for awhile.

Still love the business model. I think we're witnessing its value on display these last few years not needing any new capital, but its small consolation after (like many) buying heavily around $2/share.
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