Club Mulgoa

Wednesday, January 26, 2011

SIH

After pondering for a while, and thinking the super fund will get another cash injection next month.... I went and top up SIH with a small parcel.

The gold is deep but mining in Indonesia is cheaper because the labour cost is lower. SIH already has a >1million oz gold JORC-compliant resource there and with these new results, you can be sure that there will be an upgrade soon.

The share price has gone up and then plateaued for a while now. And with this PM good announcement, it has not gone up much at all.

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