NST: Kundana Update, page-7

Stockanalysisguru,

Good luck with your choice to sell but BHP and WPL would not be my first choices of where to put the money. The world is currently grappling with a massive over supply of steel making capacity and the iron scrap overhang in China is huge. Any relief rally in the price of iron ore will only be temporary in my opinion. WPL is struggling to find growth opportunities and without growth a company like that just uses capital to maintain production and reserves at a constant level (like a little dog whose feet move very quickly but it doesn't go anywhere very fast).

The US markets are raging at the moment based on a surge in the circuits of the robo-traders. PE multiples are at ridiculous extremes and the US GDP growth is going to be shown to be dead in the water very shortly. There is an old saying in markets "sell in May and stay away". I've got a feeling this year this saying will be truer than ever.

TBR doesn't need the gold price to rise as it operates on some of the healthiest margins in the business. NST has flagged increased production from the EKJV and another resource upgrade. The recent news of the "joining" of the Pegasus, Rubicon and Hornet deposits is game changing in terms of LOM for TBR/RND so it would seem a funny time to sell IMO.

Eshmun