Nilli,
If you are that concerned about the chart, you should refer that to Patersons because it is my opinion that the chart Rich posted yesterday was from a Patersons note to clients.
It is not misleading one bit. The producers sit mostly on the right of the chart with the explorers making up the lower valuations on the left.
Sure, maybe the average is skewed by the producers - but you can hardly call ABM a pure explorer now. Tanami is at $114 - ABM at $43. Tanami is a loss making business at Coyote and has always been.
Comparing Apples is going to do some research and understanding why African explorers like GRY and AMX sit 50-100% higher on a resource basis than ABM. Last I checked Africa was no picnic!!
Nilli,If you are that concerned about the chart, you should...
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