I am not anxious for them to join anything just yet. Exploration may yield a lot more gold than the market anticipates. In addition, as a small company in a small country with 100% ownership they are in a good position to build a lasting relationship with the government. There is a lot of gold in Panama on public property; the government is just sitting on it waiting for the right operation. In the 1960's I saw cliff sides where the local indians only mined back as far as they could reach with their arms, and then moved on to another spot. It has taken fifty years for the right political situation to evolve.
Provided Panama is happy with their business model and environmentally sensitive development, other concessions could come their way. President Martinelli said they would be an example to the country on how to develop mineral assets in partnership with Panama. I believe that is why the company so deeply invested in social and community projects to benefit the communities in the immediate area.
A nice investment that would pay $1.00 or $2.00 per share dividend every year would be ideal. Let's hope they keep it in the family. When it lays it's first couple of golden eggs you don't sell the goose.
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