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Financial Analyst, Christopher Ram,Matt Leinart USC Jersey, has accused Muri Brasil Ventures Inc of misleading the nation with regards to the amount of land to which it will have access for mining when its exploration activities have been completed.Financial Analyst,David Backes Jersey, Christopher RamIn its statement the company said, “Much has been made of the fact that the area covered by the PGGS is some 2 million acres. This area is for exploration not occupation or prospecting. Also the PGGS provides that the area is reduced by one quarter at the end of every year for its life of three years so that at the end of the three years only 25 percent of the original area remains.”According to Ram, who made his views known through his chrisram.net outlet “That is incorrect.”Ram said that under a clause Relinquishment, is stated: “On or before the first anniversary,Homer Bailey Reds Jersey, the Permission-holder shall relinquish at least 25 per cent of the said area after the first year.”He said that there is no commitment for any other year and only that the permission is for a period of thirty-six months.“Where then is the Maths that 25 per cent will remain after three years? Unless the company has been given some private assurances by the Minister,Delano Hill Womens Jersey, after three years the concession goes under the Clause that states: There shall be no extension or renewal of the terms and conditions of this Permission.”Ram said that by now, the company should have indicated whether it has given up “at least twenty-five percent of the said area after the first year.”He asserts that it is “the duty of the Minister, as well as an obligation of the company to tell the country and the security forces the precise coordinates of the area which was given up on or before November 7, 2013.”He reminded that the company states that the area for a prospecting licence is an average of 12,Brett Favre Falcons Jersey,000 acres so that 18 prospecting licences will extend over about 216,000 acres.According to Ram, “This is and was no doubt meant to mislead.”He pointed to Section 33 of the Mining Act which clearly states that a prospecting licence may be issued over several parcels, which are themselves subject to two extensions.“There is no limit to the number of parcels over which a licence can be issued.”Ram also alleges that “the company is apolitical.He said that surely, it is public knowledge that Yucatan Reis, one of its directors,Benoit Costil Jersey, worked closely with Minister Robert Persaud during the 2011 elections campaign.Ram said, too, that “his fellow director (Dean Hassan) never misses an opportunity to boast of his connections and influence over the politicians including the Prime Minister and at least one security agency.”“Guyana is a strange country in which the word corrupt seems preferable to political!”The Financial Analyst points out too that apart from its statement,Papy Djilobodji Chelsea Jersey UK, “we learn that the company is awaiting permission for the construction of an airstrip to facilitate its work…Perhaps the company would be good enough to state which clause in the Permission gives it a right to construct an airstrip.”He also called on Minister Robert Persaud to tell the nation how much it will cost the GRA, the Police Service and the GDF to effectively superintend the operation of an airstrip near the border with Brazil.According to Ram, “Muri represents a security threat, an erosion of our border and the possibility of substantial expenditure in return for US$85,000…What makes these risks more serious is the opacity of the deal entered into but scarcely acknowledged by the Minister, the silence of the Security Forces on their duties under Article 197 A of the constitution and the self-serving and orchestrated defence of the deal.”He suggested that the only body with the authority to have a thorough examination of the deal is the National Assembly.“It must have this done as a matter of urgent national interest.”