LAF lafayette mining limited

looking promising

  1. 860 Posts.
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    Nice close today for a 52 week high on good volume.

    I've also noticed some comforting signs regarding the country risk factor.

    From the quarterly report:

    "Executives of Lafayette met with the Prime Minister of Australia, The Hon. Mr. John Howard, during
    his recent visit to the Philippines. During that meeting, the commitment of both the Australian and
    Philippine governments to ensuring the success of the Rapu Rapu project was emphasized and
    recognition was given not only to the material investment required for the project construction but
    also to the longer term contribution to export earnings flowing from mine revenues. Both
    administrations have informally acknowledged the “flagship” status of this project in terms of its
    relevance to other international exploration and mining groups’ investment intentions in the
    Philippines."


    And from the recent interview with Owen Hegarty, CEO of Oxiana Ltd

    "Finally, in the Philippines, we’re working with some potential partners to
    merge assets to get some scale and value. We’ve recently had a permit
    approved and we plan to do some limited exploration on that. We still think the
    Philippines is highly prospective, still under-explored and has recently been re-attracting
    foreign investors."
 
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