Most people followed the Pied Piper and finally reality has come...

Most people followed the Pied Piper and finally reality has come home.

I posted about TAM going under back to Nov 2006, but no - one realy took notice. There was always another story by TAM that people believed, always good news at the time of bad news.

The only people smiling here are Anglo Gold who got back their exploration expenditure, the people that got in early and out, and those who just got out.

As painful as it is now, as it is about to occur an operating mine in the most remote part of Australia, the cost, the ounces of gold that just weren't there in the equation to produce gold is about to scar the reputation of genuine explorers.