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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Whatever

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ProfitWeasel

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Re: Whatever - Gadgety

in response to Re: Whatever by GADGETY

posted on Nov 11, 09 05:06PM

Sorry, but I've got to partially disagree.

Since it's the locals and the artisanals who hold the power in any potential accord, PLE is in no position to insist that it will only provide something if it finds a "commercially viable deposit of gold".

Neither of us really knows what's happening on the ground there, but I'll bet that the locals are insisting on some sort of payment up front simply for the right to drill, no matter how successful the drilling outcome. The payment could be anything from cash, to new schools, community centres, health care facilities and perhaps future jobs. However the only thing of value that Guy has to offer at the moment are shares in PLE.

Since these same locals are about as trusting of PLE (and foreigners in general) as I am that the Taliban will be bringing the beer and bacon to my next bbq, they'll want to see the shares listed and trading on the Lima bolsa for a little while before they agree to accept them as payment for an accord. Even if they are locked up for 4 months after the accord is signed as you mentioned.

If I'm wrong then I'm wrong, but knowing how the world works down there, I believe my points have some merit.

Cheers,

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