Hi Fred, I think you make many valid points and as always are very well informed. My concern with tapping into this wealth is that very little sharing of that wealth would occur
If you take a look at the long term mining sharing agreements between Government and mining company you will see that a huge amount of the profits go directly to the Philippine government and local development..(By far,The Lions share)
I understand your worries completely..I just feel that a small country such as the R.P with close to a one hundred million population(most of them hungry) has far more to worry about.
Regards,
Fred.