Ann: Exploration Update, page-29

Hi Midnight, just some constructive discussion from me. Brazilian real currency has been losing 25% of it value, and this is not a good sign imo. It's an indication of a trouble Brazilian economy. Argentina, Venezuela & Turkey initially also losing 25% of its currency, then it accelerate to past 50%. As goldbug, you should know the phases & stages when the country's economy is in trouble. It started with mild devaluation above 15%... then suddenly accelerate. It may sound good with the POG currency conversion, but there will be no lending to any mining activities during slowdown.

http://thehill.com/opinion/finance/...-fly-under-the-radar-among-troubled-economies