GOLDBUGS AMEX Goldbugs Index (GOLD)

[JDUser1963]

They have a new CEO, he's from NEVSUN if I am correct. The CONGO has no unrest. They went through a civil war just as Zimbabwe did. Now Zimbabwe is a 25 yr strong leader in coffee and African Palm oil and it's tourism industry is growing in significance. The Republic of the Congo offers so much more.'

Trust me on this, De Beers Corp. somewhere, somehow is lurking in the shadows. They caused 75 % of the wars in Africa by purposely outfitting rebels with guns to overthrow long standing governments so they could install mining friendly puppets. Not sure about the whole story in the Congo but I believe the World Bank had something to do with a threat to open diamond mines if Debeers did not stop.

The humanitarian aspect of this discussion as you said is safety where OSHA is not on the spot like it is here; i think you can picture it. Taxes. What taxes? Wages. Extreme poverty level, they have no minimum wage law in The Republic of Congo. Camps and living conditions. Excellent. I read that they give the miners some of the best facilities found anywhere with pool halls, bar, civic arts, holiday celebrations, cookouts, et., really family oriented so they get some serious loyalty from their workforce .
My cousin is an economics geologist in Boston, MA. He specializes in metals and putting partnerships together for some big NY lawfirms as a technical capability consultant. The THM report,,,yeah, that's the stuff he does. I am going to ask him about Banro. I bet he knows a lot.