all r screwed, page-7

I got wacked twice , BMO and GDR. narrow escape from PSV

still if you invest in gold stocks you expect to get wacked every now and again

I've lost 10c for every $1 I made. If you can keep your ratio around that you are doing fine

the rules never change:

no debt
low cash cost
proven mamagement
exploration upside

not rocket science

even proven management can come unstuck as it did here and unproven management is often worth the risk if the other parameters stack up

debt is always the problem .

I've been buying gold at $10 an ounce with diluted mine grade at 31gpt

the mine is named after a melbourne cup winner from 1905

I'll make 5 times what I lost on GDR backing this little ripper