Some old news here but seems to be coming to fruition:
LAS VEGAS, June 7, 2018 /PRNewswire/ -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., is actively engaged in negotiations with multiple Asian-based companies with respect to the terms of a joint venture agreement for the large scale expansion of the Company's mining operations in the state of Guerrero, Mexico. One of the primary terms of the joint venture relationship being discussed includes a minimum capital commitment of $30 million over the next 3 years, in phased expenditures, allocated to significantly expand the identified resources within the Asia Broadband properties and build out a new production processing facility that has much greater efficiency and capacity.
Several of the Asian investment groups involved in the negotiations align well with Asia Broadband by having synergistic corporate goals. Under further terms of the partnership agreement, expanded metals production would be guaranteed future sales for Asia Broadband and a long-term secured supply to the joint venture partner. More specifically associated to gold, the investment groups are seeking to satisfy a consumer and industrial gold fabrication demand, as well as an institutional or investment gold demand. In general, physical gold holdings and future guaranteed supplies of gold are an investment hedge that mitigates the risk of instabilities caused by fluctuations in world economic conditions.
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