today's article re mike young (the australian), page-7

Good post

When you get into the detail in can get murky, especially around how deferred stripping is recognised, plus the % of index price received can change markedly for the lower grade producers. Presumably the last point is what Blackrock - with their army of industry leading analysts - thinks, if it's too messy for them it's hard to argue

But that is an aside, I was more surprised by Mike's high-handed comment that investors should be able to read balance sheets if they are to buy shares. That was out there.