I think you should understand that in any case, development is a certain risk, but rather for those who work there
And what are the risks directly related to gold mining at this region?
I think there is always a risk in such a business. Especially associated with oppressive labor in mines or quarries
I think it's worth talking about security not only on the excavations, but in general in the country itself, because there is not very calm.
here you are certainly right, but in a country where there is no such income
You are right regarding the initial stage of the project. The actual state is our licensed right and responsibility to start and pay for the 4-year rent of this land within 2 months. If we won`t start the rental according to our license, we will be fined by local authorities of Mali. After this stage risks soften and we begin to depend on the heavy machinery supply terms. If our contractor fails with machinery deployment on our site, this will cause lesions to GOLDEA.
Another risk is the gold content deviation. it may be less then 10 tons, namely 5 or 7, and thus we will end our mining beforehand, but the rental period is already payed for the hole term. Etc.
I think there is always a risk in such a business. Especially associated with oppressive labor in mines or quarries
What is the official position of Goldea on this difficult issue?
We contract heavy machinery, and our mine is the pit-type technology without risk of cavern closure or dungeon blockage with workers down there. Moreover, the approach is ecological and social with providing additional drinking water and food supply to the surrounding villages, renting their residents at our anxilliary duties.
this is a good chance for investors to increase their income. I think investing will pay off in a year
ok, ok, ok. But should them invest in risky ICOs? The big question...
Not a single new endeavour may start without risk. It is well known, and thus investors spread their funds among such projects, looking forward to see one or two of them thrive. We are the best candidate to thrive.
It isn't only promising, it's also dangerous direction. As I understand, gold mining is income source for large companies in the industry. On the one side, Goldea will be too small at first stages, so they won't pay attention on tiny fish. But Goldea will grew and new problems will appear.
This applies to any business. As soon as there are significant volumes, there will be problems. No one wants an additional competition. This must be taken into account immediately.
Local license providers are afraid of large companies due to size and poverty of the country. For them we are more reliable and controllable small company which sutes them perfectly.
