production estimate, page-13

Fair comment Nasabear. I agree that ABM is likely to emerge as a major gold producer a few years down the track, but it's hard (read impossible) to predict what the gold price will be at that time. In fact, it's difficult enough to predict what the gold price will be next week, let alone in a few years time, but all the signs point to a price of somewhere between $1,500 and $2,000 by the end of this year.

For that reason I'm shifting as much cash as possible into gold companies already in production, companies that can cash in on the high POG if the upward trajectory continues.

I feel that TAM warrants a significantly bigger investment than ABM at the moment, to get immediate exposure to the attractive POG, and of course TAM will get some spin-off from any increase in ABM's share price. Regards, Mike.