Well the bubble has burst, much earlier than I expected and some...

Well the bubble has burst, much earlier than I expected and some SP are returning to what the market sees as true value. If there is any consolation in this it will be oversold.

Also I note DEG is holding up well. While they do have a patch of alluvial nuggets, they are a very far cry from demonstrating they have anything remotely like a Purdy's. That shows the market still has a risk appetite atm and if it holds up, will demonstrate that anything looking like a real find will be well rewarded in future.

KAI will have to work for its SP from here on, reluctantly I have to say that I think thats how it should be.....cuts out the risk in holding to a big degree.