[2014-06-11] Huff Post: Yukon Mine For Sale, Price Tag: 2870 Bitcoin

[bitbouillion]

http://www.huffingtonpost.ca/2014/06/11/yukon-mine-bitcoin_n_5485513.html

[kjlimo]

Hah!  They realize they need to diversify their gold for bitcoin

[Ron~Popeil]

Wow more faith in bit coin than gold apparently. Pretty smart company. 

[Lethn]

Holy shit that's tempting, I'd love to have my own legit gold mine but lets see... This? Or asteroid mining? >_<

[Swordsoffreedom]

Hah!  They realize they need to diversify their gold for bitcoin

Hah! Sorry I started laughing spontaneously for a minute thanks I needed that
This is cool though I can now get a Gold Mine for Bitcoin and that is awesome!

[bryant.coleman]

Yeah... I saw this a few days ago in Bitpremier. 

https://www.bitpremier.com/1-other-luxury-items/540-profitable-gold-mine-dawson-city-yukon

But is this mine available for purchase by non-Canadians?

[Swordsoffreedom]

Yeah... I saw this a few days ago in Bitpremier.  

https://www.bitpremier.com/1-other-luxury-items/540-profitable-gold-mine-dawson-city-yukon

But is this mine available for purchase by non-Canadians?

I would say since it is not an issue of National Security or not in the best interests of Canadians the requirements are met to support someone purchasing this mine.
http://fullcomment.nationalpost.com/2013/10/01/john-ivison-foreign-investment-in-the-oil-sands-have-dropped-off-a-cliff-since-nexen-takeover/
Or
http://www.policyschool.ucalgary.ca/?q=content/chinas-state-owned-enterprises-and-canadas-fdi-policy

The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.

In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.

Limiting foreign ownership of the market is a policy but this probally would not be significant enough to raise any flags
The above only applies on sales over 330 million that trigger an investigation for Foreign SOE and 1 billion for private markets and a lot of small scale oil deals go through just fine without issue.
At least in my opinion this sale is far into the legal clear.

This mine is only a measly 2 million XD
2,000,000.00

Also consistent with the above, the Government intends to liberalize the review threshold under the Investment Canada Act to $1 billion in enterprise value over four years only for private sector investors. The review threshold for foreign SOEs will remain at $330 million in asset value. This will mean that the Government will retain its current authorities to assess the net benefit of foreign SOE transactions in the future.
http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/lk81147.html

[bryant.coleman]

The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.

In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.

There are a large number of ghost companies, which are actually controlled by the Chinese government. Not many knows that who is the real owner. They can purchase the company using these firms. Also, we have to remember that China is a net importer of gold. Difficult to imagine that they would miss a great opportunity such as this one.

[Bit_Happy]

The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.

In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.

There are a large number of ghost companies, which are actually controlled by the Chinese government. Not many knows that who is the real owner. They can purchase the company using these firms. Also, we have to remember that China is a net importer of gold. Difficult to imagine that they would miss a great opportunity such as this one.

Haha, and by now the Chinese Gov't might have a large stash of BTC from repeated "insider" FUD'ing.
I am so glad the China FUD no longer dominates daily Bitcoin discussions. 

[Swordsoffreedom]

The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.

In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.

There are a large number of ghost companies, which are actually controlled by the Chinese government. Not many knows that who is the real owner. They can purchase the company using these firms. Also, we have to remember that China is a net importer of gold. Difficult to imagine that they would miss a great opportunity such as this one.

Haha, and by now the Chinese Gov't might have a large stash of BTC from repeated "insider" FUD'ing.
I am so glad the China FUD no longer dominates daily Bitcoin discussions. 

True now we have discussions about the 51% attack and the FBI selling its Bitcoin stash or some of it XD
Anyways fair point bryant if the Chinese are buying bitcoin in the shadows then they can easily purchase this mine as well
That or confiscate some from someone ^_^

[nwfella]

The problem would occur if it was a State Owned Company such as China perhaps wanted these assets combined with other mines or mining companies.

In regards to private sales or companies that are not State Backed then it should be fine.
If not you can assign someone who lives in Canada as representative.

There are a large number of ghost companies, which are actually controlled by the Chinese government. Not many knows that who is the real owner. They can purchase the company using these firms. Also, we have to remember that China is a net importer of gold. Difficult to imagine that they would miss a great opportunity such as this one.

Haha, and by now the Chinese Gov't might have a large stash of BTC from repeated "insider" FUD'ing.
I am so glad the China FUD no longer dominates daily Bitcoin discussions. 

True now we have discussions about the 51% attack and the FBI selling its Bitcoin stash or some of it XD
Anyways fair point bryant if the Chinese are buying bitcoin in the shadows then they can easily purchase this mine as well
That or confiscate some from someone ^_^

I agree.  I've been thinking China has essentially been pulling a price-crushing gambit on bitcoin for sometime now with all the promotion, let's make it difficult, no we aren't banning it after all where just going to make it nearly impossible for you BS.