Ann: Beadell Announces Board and Management Changes, page-102

Agreed... That's the reason why Aussie goldies have mostly been re-rated from 100% to 500% up from their bottoms.

We can say the same for the Brazilian Real, but that has not been factored in to BDR share price because of production issues, and perhaps higher sovereignty risk.

As I said, South America is the only region with some remaining undervalued gold mining companies with high quality assets like BDR. That's is the reason why I am feeling quite comfortable holding goldies like BDR from here. Plenty of upside and low down side risk.