Obviously I see it different to you Razor. I’m pretty happy with South Africa and see this as providing $2 million per year cash flow in the next decade provided the company doesn’t sell the asset in the interim.
I’m also happy with the Pilbara conglomerate gold play. I agree with you that this looks like a high risk venture but I also see that others in this space such as DEG, KAI and a number of others have all seen 300 percent share price rise without finding a single nugget. If we get even a small slice of this action then the spp price of 1.7 cents may look cheap.
On the Indonesia project I admit it is hard to have a view other than note that Michael Q is more confident than he has been for years and I can’t question his motive or forthrightness on this matter. Like you, i hope this project comes off as this is the Big One. Twenty or 30 percent of a mini-Grasberg is better than 100 percent of a dung heap.
WWI Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
