My opinion is that possibly they made a mistake on the size of the tailing ponds that they would need. In other words, they thought they had all the land they needed for the tailing ponds and then things changed, for the worse. Not sure what changed but they did. Somewhere along the way the circumstances changed. Maybe they discovered the rainfall season or the geology had more effect on their tailings ponds plans than they thought would be needed. Maybe they had to reach a nigher standard.
Regardless, if I was them I would take this message from the government as a precursor of things to come. If you are not a Panamanian company, you are going to get the short end of the stick every time you need a decision made. So you better get out the check book out because you are going to be paying dearly for the opportunity to min e Panamanian resources.
The question is can they walk away from this 6 billion dollar commitment or how much will it cost them to move ahead with it.
The real message is....welcome to Panama, your not in Kanasas anymore!
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
