Re: CMX another goldie going up?
News like below is what is going drive this stock, it was a long and winding road to gain FTAA's, years infact - but no stopping CMX now,
"THE major push to attract miners and explorers to the Philippines continued in earnest this week at the Sixth Asia-Pacific Mining Conference in Manila, with President Gloria Arroyo heading a long list of government and local industry representatives singing the praises of the highly mineralised but often difficult-to-operate-in Asian country.
Key to the story being sold was the recent Philippines Supreme Court upholding of the Mining Act, which provides for foreign equity ownership in mining projects of up to 100% via so-called FTAAs - Financial or Technical Assistance Agreements.
The Supreme Court decision is claimed to end 10 long years of uncertainty, with Australian companies Indophil Resources and Climax Mining particularly happy with the ruling given they are party to the only two FTAAs issued so far.
According to various speakers, the three branches of government in the Philippines - the legislative, judiciary and executive - are now "deeply supportive" of mining."