Where to invest or not, page-24

With respect Tangs, estimating (in a situation like this) IS guessing. The value isn't real until it's producing. Even when it's producing there will be guessing involved in the share price (will gold go up or down). Even when it's producing risk will be a component of the price. People will assign a discount to the share price based on sovereign risk. It's all guessing.

I'm not negative on BSR. Quite the contrary I think it's a great chance. But it's still a chance, not a sure thing. My comments were directed at the constant "why isn't the share price higher" discussion. If people think the price is too low they should buy more. I've bought in at several price points where I thought it was a good deal. At the moment I know is going to bob along so I don't beat myself up about it. I have a long term view, and my long term view is the price will be multiples of what it is now, but it's still a guess.