Brian HuenGabriel ResourcesGBU.VDON'T BUYNov 01, 2013
They own the Rosia Montana gold mine in Transylvania. Have been trying to get permitted for approximately the last 10 years. This is going to continue to be an uphill battle. The resource is tremendous but he feels this is stuck in the jurisdiction where they don’t want the mine to go ahead. If they do get it permitted, how do they get the finances to build it?
Romanian government isn’t sticking their nose in, they are trying to protect their people, supports the policy. The resource isn’t going anywhere, therefore the stock should eventually go up. It’s too risky at this price.
Have a very large resource of gold. Political issues in Romania causing problems. No way to know if issues will be resolved, worth 10 times what it’s trading at if situation’s resolved. Politics are scary.
Operations have been shut down temporarily because of environmental concerns by the Rumanian government. Feels that eventually they will be able to get the operation going.
In Romania. Very difficult company to get to grips with. There are a whole bunch of stakeholders surrounding the area. Have to move a village, and this is not easy. Issues are being raised on environmental concerns.
Their project in Romania will get mined by the look of things. The problem is, it's all timing and capital. The big issue that sunk the stock a couple of years ago was they had to move and village. The risk/reward is not worth it for him.
Monster gold deposit in Romania. A lot of resistance has hampered their progress. Also have to acquire 1000 homes and government buildings for surface rights in order to develop the mine. They have only acquired half.
Big ore body in Romania. The stock has done very well. There is still an ongoing issue with promoting, etc and it has been a real hot potato. Not a favourite.
They own the Rosia Montana gold mine in Transylvania. Have been trying to get permitted for approximately the last 10 years. This is going to continue to be an uphill battle. The resource is tremendous but he feels this is stuck in the jurisdiction where they don’t want the mine to go ahead. If they do get it permitted, how do they get the finances to build it?