Ann: FY17 Financial Results Highlights, page-18

Why, Miles explains how he has done it for Reservoir, the assets were so good, they made up for the country risk. He has mentioned it clearly.

So many things are there, the always unexpected and longer duration of bear markets, importance of geographical specialisation, the attitude to venture in to newer geos, waiting to pick up assets for pennies on the dollar, betting on the right people, you name it , it figures. The input on iron ore assets was amazing , swap from usd one million to usd hundred million to usd five billion sale to Anglo American ,lol.

Obviously the average human mind is generally unable to think ahead for more than a year or two, that is why visionaries like this make billions of dollars, they have a very long , clear, focused view and they work patiently on their goals, it pays for investors like us also to do that .But we must bet on the right horse in the first place. Otherwise after many years of hold , our investment will surely go to zero.

And to sum it up , I place SAU in that category, the SK opportunity is so large , the elephant is right in the room, as it is so big, no one sees it , lol.