will mum buy hill50, page-2

Fang,

That is the stupidest thing you have said on this thread. The Hill 50 asset will cost hundreds of millions. Dont be rediculous. There is a reason Harmony are exiting Australia. Firstly they hedged the gold price at $500 with cash costs running at $450 they are losing money here. A US based company is currently doing their due diligence on the asset and will most likely make a bid for it.

As far as MUM is concerned if they drill away for the next 6 months and start defining a resource then whoever buys Harmony's asset will most likely take out MUM. That makes more sense.

In the meantime we can look forward to drill results, oppies and an appreciating gold price.