Look EXG has got to be a counter cyclical buy, OGC and BDR, my other holdings are getting hammered on the current gold price. EXG has already been hammered, not by gold price worries but by a weak investor.
There is upside in spades
1> Exposed only to Australia, not some sh*t hole in outer Zambia, or equivalent political dead zone
2> Run by Australians (OK as a Kiwi that does give me some concern for worry but you cant have everything in life
3> a Huge amount of dirt that can be changed into value without massive investment in plant and machinery, just a tolling operation
4> An attitude by management to address the issues in a positive and pro active manner.
All good stuff in my view for the value investor...get the story out there.
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