Ann: September 2010 Quarterly Report , page-10

Dazza,

But currency wars, inflation, QE affect flat money.

Sure tangible assets such as gold and base metals are largely immune from that and a natural hedge?

Nickel produced in places that don't need QE, eg Russia, Cananda, Australia. Consumed in China. Therefore I see the opportunities as a hedge outweighing the risks (through collateral damage).

But hey, if you can't sleep at night you might be in too deep, and be better to reduce. At least listen to the BRR first, LOL! IGO might get a lot of attention in the next few months with potential news from Holleton, Long/Moran, Duketon, tin and of course the Trops FID. People look for those with the Midas touch, also as the mc reapproaches $1bn a whole set of new investors start to take note.

Please don't take this as advise, as for all I know Nth Korea could nuke Japan tommorrow, and IGO plunge 50% overnight. But provided you are not heavily leveraged the question should then be how well would it then bounce wrt peers.

EL