Ann: Investor Presentation - January 2016, page-25

Eshmun

Funnily enough I have you saying it's crazy to hold BDR instead of RMS and another poster on the gold thread stating the exact opposite. I hold both but far more RMS who have performed exceptionally well last year.

BDR has historically had two problems - material movement and poor management. While it's not 100% confirmed it is increasingly looking like both problems have been solved comprehensively.

BDR is a turnaround story and we know the potential reward for companies that can do this successfully - RMS, SBM are two notable ones. I assume your not holding KDR for the current mining at $1,400+ AISC, but for the potential down the track? No different here.