Lunch with various broker analysts last Friday and subsequent:-
If you want gold, stick to West Africa, with Perseus the favourite. If you cannot consider anything offshore, Integra (IGR) and Ramelius (RMS) appear the favourites.
Base metals with a copper emphasis, there is nothing onshore representing value at the moment. Go offshore and have a good look at Intrepid (IAU)or maybe Romblon (ROL).
Aluminium-just had a long discussion with a smelter expert=avoid the sector.
Iron ore- there is way too much capacity.
Rare earths are not rare!
Given the current market buoyancy, fundamentals/management capabilities are being ignored for the time being. Have fun anyway but do not be surprised to wake up in May being a few sheckles the worse for wear!
Cheers, TAS
In terms of disclosure I remain exposed to the yellow stuff coz I am anal when it comes to global economies.
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