A Clever Country?

Lucky, yes. Clever? If you look at ABU today, you would think that Australia is a fool's paradise. It is the land of milk, honey and gold (and Fe, coal, copper, tantalum, etc) where lots of foolish investors live in. With the grades that have been announced, the share price has been falling in line with world market sentiment. It is so blatantly obvious that the sellers are thinking with the brown matter in the rectum rather than the grey matter in the skull.

You need patience. Profit is not generated while you are exploring. You have to sell to make a profit. If POG stays over USD$1600 per oz (or even lower), it is still profitable for most miners. If I run ABU, I would take over ERM for its gold processing plant. But ERM is being stalked by Xstrata.