Criterion ( Tim Boreham ) from today's " The Australian " referring to Perpetual portfolio manager James Bruce's poor opinion of Australia's gold sector - "He points out that with the average mining grading 3 grams a tonne, mining is equivalent to extracting 3mm of gold from a 1km road." So. with our teething problems almost (hopefully) behind us; with a belief we will be in the good stuff ( 20 grams a tonne plus? )within say 6 weeks at the outside; and the price of gold seemingly on it's inexorable upward path why wouldn't you be piling into MCO? Regrettably I am topped up but I wish all holders,especially those long term holders/believers a joyful ride to the top - I hope we can all meet at Woods Point and have a beer or two in celebration sometime in the summer months.
MCO Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
