Richard Kelertas on January 28, 2013 at 11:22 AM said: Certainly the Eritrean project of South Boulder Mines has some interesting potential. However, the government is now demanding a 50% free carry(up from 10%) with no cash/equity contribution so the company is likely re-evaluationg its options. As well, a coup attempt just last week in that country has left many investors wary of Eritrea as a safe mining jurisdiction now……Ethiopia, in contrast, has a stable and growing economy(+9%/yr over the past 7 years), a growing middle class and is a mining friendly and safe country to operate in ….investors are noticing the difference and are looking and investing in many new opportunities in Ethiopia as have many western and eastern governments that have been investing heavily there for years…… Reply ↓