cheapest gold in the world, page-22

Never fear rabooth, just need a little patience and wait while the ducks to get lined up. We're in the December quarter now and from the announcement on 27th Sept we have some very positive things to look forward to this quarter, including:

Feasibility Study on high-value near surface oxides to be completed in December 2011 Quarter.

Sulphide infill and oxide grade control drilling to commence in December Quarter, exploration drilling continues at other prospects.

Even Stephen Ross (MD) was quoted in that announcement saying:

“We are currently completing a preliminary mining evaluation and pit optimisation study incorporating the
new resource model, updated capital and operating costs, and a realistic medium-term gold price of
US$1,500 per ounce. Our Feasibility Study remains on track for finalisation in the December 2011 Quarter".

It won't happen overnight but it is happening. We're 3 weeks into 13 weeks for this quarter, take out Cup week and the last 2 weeks of December as no announcment weeks and then you're down to 10 weeks to wait for the good news flow to come out. In my mind, as the weeks transpire, the probability of the good news flow coming out is pushing the chips into your corner. Who honestly cares if the sellers sell-out now, really why care? They are so close to some good news flow but they're so exhausted they've thrown in the towel and now won't be there for the next positive move. Their loss is transferred as someones gain. That's the market.

And don't forget this one, “The stock market has a very efficient way of transferring wealth from the inpatient to the patient”...Warren Buffet

Lets not prove this statement true again!