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If all we get from gold exploitation in our country is less than four(4) percent then they should even close the mines. Who cares?
Have you forgotten about the number of people it enploys both directly and indirectly and other societal benefits of mining in an area.Anyway what about the oil?
INVESTING IN THESE BUSINESSES DONT TRADTIONALLY ILLICIT QUICK RETURNS. IT WILL TAKE 30YRS TO GET A RETURN ON YOUR INVESTMNT IN YOU INVEST IN GOLD/AIRLINE STOCKS....
If you mine but have to rely on other countries to invest in the infrastructure then all you will get is 4%. You produce engineers who can not turn a screw driver into a frisking wood then you are set to fail as a nation. Be ...
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if your selling ore,same as bauxite, iron ore..or even cocoa you get less for ore than the value added product..What is the % return ADM is giving on cocoa????
i bet the Indians and China people are buying big at cheap prices.. But Rand gold will close or slow mines in South Africa