Strategic Mining Corp (PinkSheets:SMNG) 10M (MarketCap)

First Western company to Mine since 1954: Vietnam coming back on the Radar

This is a cool story out of Canada that is starting to gather momentum, and the more I dig into the details the more interesting it becomes. It’s rare when you get open door government participation, competent labor at a fair price and access to equipment to get the job done.

Having covered numerous Vietnamese companies (most recently OTCBB:DTVI) I know that the working relationship with the government is a key factor to success. Granted DotVN was not in Gold mining, but was in the business of providing online services of .VN (Vietnam) domain name registrations worldwide. Dot VN, Inc. has a contract with the Vietnam Internet Network Information Center to promote, market, and register its country code Top Level Domain of .VN (Vietnam) via the Internet.

I interviewed and covered them (OTCBB:DTVI) in 2007 and the management team was run by a Vietnamese American CEO who was well spoken and understood the opportunity he had in 2007. Unfortunately he got caught in the down draft of October 2008 is on the road to recovery. Having viewed DTVI as an interesting way to participate in the growth of Vietnam it is great to see that we have another player in this space. I had a chance to speak with the CEO Ian Lambert (SMNG.PK) and will be following this article with many more updates about SMNG. We will also add them and DTVI to our NanoCap Index. Below is the most recent press….

Strategic Mining Corp (Pink Sheets:SMNG) announced today that it has positioned itself for a move of historical significance. It will become the first Western company to be licensed and permitted to engage in mining exploration and development of high-yield, precious mineral property in northern Vietnam since 1954.

Strategic Mining has the unique opportunity to take advantage of a mining area that has been dormant for over 50-years. The Company anticipates that, upon successful completion of its agreement with Ba Dinh Mineral Company, JSC and commencement of initial project work, it will be provided with the ability to enter into numerous development and exploration opportunities within the relatively under-explored northern regions country.

Mineral production in Vietnam has taken place since the Bronze Ages. Systematic mineral exploration and exploitation began with the French in 1884. Most exploitation, especially construction materials, was on a small scale with mainly manual labour and without mechanization. The French were forced to leave the country and cease their mining activity in the mid 1950's.

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