Friday, June 18, 2010

Value of Afghanistan's minerals is questioned

The following item is from Just Foreign Policy, http://www.justforeignpolicy.org, June 18, 2010. It cites a "business insider" who raises a serious question about the reported estimated value of Afghanistan's minerals.

Writing in Business Insider, Louis James of the investment advising company Casey Research says the New York Times had no basis for reporting a figure of $1 trillion for the economic value of mineral deposits in Afghanistan. No responsible geologist would circulate a valuation figure at this stage of the process in Afghanistan. In fact, if a public company put out a press release like this story in the NYT, the exchange would likely reprimand them severely and require a retraction.

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