180m of gold on mt kare + bonanza drilling, page-22

oligarch I will reply because you made reference to me. I am not here to bait or flame or whatever. Better things to do.

Rio Tinto just wrote down billions of dollars in assets. They are big. They got it wrong.

I'm guessing that the $5.2 million dollar BlackRock investment in Indochine didn't have as much due diligence as the Rio Tinto $3.9 billion Riversdale acquisition. The BlackRock argument is a little irrelevant to me.

By coincidence I remember reading a Rio presentation a few years back where Rio stated that 1 in 3000 projects move from conceptual stage to actually becoming a mineable resource. These are Rio's numbers not mine. The reality is that the odds are stacked against you and every other explorer that thinks they maybe on a winner.

oligraph from your gold v uranium perspective I could easily argue that it's time to get out of gold and into (or back into) uranium. After all it's all about timing isn't it?

Good luck to Indochine. I hope they make it big. I hope you make trillions oli. You seem like a nice bloke.