"The biggest red flag that I can see with the Ixtaca project is that although it's located in what is typically regarded as a mining-friendly jurisdiction in Mexico, permitting and gaining the social/environmental license needed to operate/explore may perhaps be more of a challenge in this region of the country (Puebla State); there has been recent news involving the neighboring state of Veracruz in regards to clamping down on granting mining permits. This is a fluid and developing situation that needs to be monitored carefully."
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