Hey rkor, I've brought up this point before because this is the key to everything, including the future of this company:
The problem with the gold mines in Colombia and specifically in that Segovia area is that they are VERY RICH in resources but under-developed and under-explored. This is all due to the lack of proper funding, technology, or machinery.
MGMX doesn't want to be stuck in the same "rut" ... they have implemented "North American" ideas (such as going public and choosing North American staff) to assist their team (which is already well studied and versed in the mining industry) in order to take them to the next level.