F. U. how did you find cuu? Did you not know this other deposit existed? Read their documentation. Notice

The Company and its Philippine partner, Nationwide Development Corp. (Nadecor), continue to advance the project. A bankable feasibility study is currently in progress and is expected to be completed in the second quarter of 2012. Updated to Dec 2012.

Um ah, delay?

The Philippine Mining Act of 1995 allows 100% foreign ownership of mining assets, and the permitting process is well defined. Foreign companies may only hold 40% of the land title however, and therefore companies such as Cadan form partnerships with local companies in order to secure the land tenure.

Tax rate just went up!

I have lots more like lots lots more info thoughts and conclusions. Anyone considering buying here needs to study it. Better read the local scuttle butt. Here's the lighter version of events.

http://www.rumormillnews.com/cgi-bin/archive.cgi?read=25636 The past.

https://www.cia.gov/library/publications/the-world-factbook/geos/rp.html Expand the Economy Link.

http://www.reuters.com/article/2012/10/05/markets-philippines-stocks-idUSL3E8L46VV20121005

"...9:00 a.m. [0100 GMT]
- Philippine Mining Luncheon with Philex Mining Corp SVP
Michael Toledo as guest speaker, Manila Polo Club Ballroom,
Makati City, 11:30 a.m. [0330 GMT]..."

For More details use google eh