HER 0.00% 88.5¢ herald resources limited

anglo american refocusses on indonesia

  1. 8,616 Posts.
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    An interesting article in Gold and Minerals gazette which just received.

    Anglo American is not happy with the Phillipines and is considering refocussing back on Indonesia, due to believe it or not what they perceive as a better political climate.

    What's this got to do with HER? Well might just be an indication that HER discounted SP based on country risk is significantly overdone.

    Some critics will argue the geology is tough...and its been explained in depth to me why by a poster here...but regardless, you cannot in my opinion argue with their VERY RICH grades of zinc/lead and at these metal prices im sure any type of deposit, whether it be vertical, flat, or sloping (which is the case here apparently and hence its tough) can be overcome.

    A broker put out an outperform stamp on it today (As well as BMO and MML).

    Cdchi1
 
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