spot gold price, page-2

horst

It looks like the Brazilian govt has not made a decision on the national park. This is the problem.

We can blame MUN for not getting all its paperwork done in advance of the decision to have a national park in the region, but once that decision was made MUN was locked in.

Much bigger players than MUN are also affected, such as Brazil's own Vale.

This waiting game is very painful. I just hope they can get enough ounces out of their existing operations to be self-funding at these much higher gold prices while waiting for the access road is built.

The market may start to re-rate MUN once drill results from Peru start coming through.

loki (can MUN become the next big thing in the OZ goldie pantheon?)