Martinelli Says Foreign Business Interests Are Behind Mining Protests
Tuesday, February 08 2011 @ 06:01 PM UTC
Contributed by: Don Winner
Editor's Comment: There are more than 100 million tons of copper in the ground at Cerro Colorado waiting to be exploited. That's 200 billion pounds of copper. A quick check of the Kitco spot copper price tells me copper is currently being traded $4.55 per pound. Translation = the copper in the ground under Cerro Colorado has a current value of $910 billion dollars. That's right, almost one TRILLION dollars. I have to assume that Ricardo Martinelli has some kind of intelligence information to back up his public statements today. I already know the every-day knuckleheads like the SUNTRACS, Frenadeso, Conato, and PRD are going to be stirring up as much trouble as possible, the same way they did in Changuinola. These are the guys who are "taking advantage of the situation to cause chaos and unrest." But guys, when you're playing with a deck of cards that's marked in the trillions of dollars, you can promise just about anything to anyone to buy their cooperation. Maybe Raisa Banfield would like to be Panama's new Ambassador to Greenland? Get it? Green. Land? Environmentalist? OK, it was a stretch...