Replies to post #4339 on Value Microcaps Junior Miners

[rocketeer357]

In this case, the facts aren't clear as to what the exact agreement was between MUN and the Chinese. MUN claims that they were "invited" to China.

The bottom line is that this is a bigger than 8 million OZ deposit and MUN signed on for 79%. Ultimately, while the denial of the permit was ostensibly based on local environmental concerns, I think MUN didn't move fast enough (and with local knowledge, ie who to grease in the various gov't committees) to get the % right: MUN certainly made every effort to refute/address the environmental issues...maybe they were too small a player for such a big deal.

These days, there's enough fire sales in stable areas....plenty of solid plays in the sector are available in North America.