In addition to the geologic risk of a particular project, the critieria that an international exploration company ("IEC") utilises when making an investment decision in a particular country should also include a critical analysis of the political, judicial and fiscal regime of the host country. A key investment criteria of an IEC is mineral tenure and the security and continuity of that mineral tenure under the host country's exising legal system as well as the host country's overall legal, political and fiscal framework, the latter of which can affect the project's overall economic viability in a number of ways.
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