Reflections
Our public sector leaders are apparently flipflopping n the mining industry. While on one hand it is granting permit, it is also entertaining the environmentalists concern on mining.
Opportunity: precious metals are on the rise. Gold is up to $l,500/ounce vs $300 20 years ago. Where is copper there is gold.
Risk: their concern is their tailings destruction of biodiversity, the toxic wastes, and lack of economic development in miining areas.
Definitely, there has a to be way out of here. We can mine: without total destruction of environment, increasing public take on the mine, or selling say 20% of them at discount to PHL government.
Let us now blow the opportunity.
