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Re: farviewhill post# 9879

Sunday, 05/29/2011 11:54:40 AM

Sunday, May 29, 2011 11:54:40 AM

Post# of 26631
Sure I agree there are better mining jurisdictions around the World - but remember the easy deposits in these jurisdictions are gone - that is why 50% of all Cdn juniors operate outside of Canada and many of them are in higher risk places like Ecuador, Colombia, Northern Peru and other high risk areas.

What we have going for us in Panama is simple:

1. Greed of Management
2. Greed of the Martinelli Government
3. Protection from the US - in case things get too crazy here
4. A project in production - with no long term debt
5. Excellent growth prospects
6. Increasing production
7. Dropping costs of production
8. Lots of fresh drilling results to be released in the future
9. Likely a mining law that is favorable to mining
10. A large group of Indigenous people in Chiriqi Province are pushing to get involved in mining and have closed the Panamerican Hwy a few times - now like where does that happen around World...This is great for us indirectly as they are putting pressure on the Government to pass a reasonable law - the last thing Martinelli wants to do is to dance with the Indians again...
11. Price of Gold is moving up...

I think when you look at all these factors we are in good shape.... This is why I am a shareholder :)

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