Besra Gold Inc (BESAF)

[starboy]

02.09.11 PR
Avoiding the 10% excise tax on unrefined gold exports is their current issue to resolve. They are ready to put in $100 million in development, but will now go step by step and as stated in the PR,and are working to see if the local refiner can do the trick to get appropriate refined purity of their gold, for export to avoid the tax.

"The ability of Olympus Pacific to ship gold from Vietnam had provided a success story to contrast with the experiences of other foreign miners, such as Tiberon Minerals Ltd., which have failed to begin production. Olympus Pacific said last month it has found a Vietnamese refiner which should allow it to export without the tax."

"Olympus Pacific said in a Jan. 28 statement that it would continue with sampling to assess its local refiner’s ability to deliver the purity required for export without the 10 percent tax."

http://www.bloomberg.com/news/2011-02-09/olympus-pacific-plans-to-revive-vietnam-gold-mine-investment.html