"The Month" is upon us..., page-45

If "people" value gold in US$ terms, maybe costs should be converted to US$'s as well. Same difference. I think the fact is that there is a huge aversion to risk at the moment and no-one with money is prepared to "have a go". Maybe they don't see the rewards as being big enough to match the risk (talking in general, not specific to ABU) or maybe plenty have been burnt, thinking the mining boom would last forever. There was only ever a boom in Iron, coal and gas, the "boom" actually hurt the remainder by driving costs and expectations up.