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April 28, 2011


Richard Ferrer

As I have said before, if a country nationalises mining with fair compensation to owners, it makes the owners happy. They will buy back their mines at one tenth of the price in 20 years time. I have never seen a nationalisation business plan. e.g. I am going to spend x to get a return of y; I am going to ensure I have all the skills I need by doing abc, etc, etc. Sad.

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