Nordesmic Good work and thanks for sharing. Just one point on...

Nordesmic

Good work and thanks for sharing.

Just one point on SBM, I do not think there is any merger/mine closure for them to finalise as they have sold off their one underperforming mine, Gold Ridge, for a nominal sum.

Two mid tier goldies you may want to add to your list are TGZ and EVR. They are dual ASX/TSX listed and the shares are pretty illiquid. TGZ is now debt free and claims to have a low AISC to which one needs to add in the cost of the royalty payment to Franco Navada (and note that they will need to find more higher grade gold ore to keep costs down in about 3-4 years time). EVR has a lowish AISC but its high debt burden and the low USD POG mean that it will take a long time before shareholders will be rewarded (a bit like SBM). I sort of like EVR's management, but not TGZ which keeps stuffing up. Both companies would do well in a rising USD POG environment. I have some EVR shares, but if the USD POG were to tank then its a pretty unsafe investment (in addition to it having its mines in west Africa).

loki (still thinking about RRL)