Eric Sprott is the best known name in resource investing. His latest comments are on the subject of Ebola and are utterly terrifying. They are a terrifying at a human level. If however you own shares in certain mining companies you should be double terrified. Yes, I hark back to African Minerals (AMI).
If Ebola continues to spread, it was put to me the other day that the Sierra Leone Government will order a total lockdown of the mining industry in that country. How long could African afford a lockdown before it becomes unable to service the interest on its ballooning debts? The answer is about three weeks.
I explained HERE why even without Ebola African Minerals is screwed
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