a closer look with rough model, page-16

Hi NK,

"The simple fact is that mining is an incredibly risky business. I met a guy who had put all his super into one gold miner, about $1million. It was a quality OZ low cost gold mine, but single mine underground so very risky. He went to an AGM and spoke to the CEO . The CEO said to him, underground gold mining is the riskiest business there is.
He started selling the next day, switched to silver and gold bullion and now sleeps at night. As it turns out if he hadnt sold he would have done $500k. he will more than likley turn $1m to $3m without the risk of owing equities, knowing when he bought the bullion"

Nice story but money can be lost with bullion just as easy as the stock market, perhaps he should have put his money in a long term deposit with one of our big banks.

"Its a good time to accumulate quality gold juniors, but even at these prices I would not buy CCU"

Why?

"It will take a while for the damage to be repaired here. 6 months minimum"

Are you claiming the sp will not go up between now & the next shipment?

Thanks