doubles reserves, page-10

Kinzu, I own about 10 different PM shares including MSR. If someone asks me why I would own PXG over others, I say

(1) it's located in Australia where I see AU going further down and labour costs going down (due to iron & coal prices softening) and at least here in Australia it's politically difficult to nationalise private properties and has more sane people than the insane.

(2) Excellent management that appreciates the shareholder values whom I have confidence that they can carry this through.

Generally IMHO it's quite risky to own only one 'best' share or even two so I just own broadly companies across different continents as a hedge against political risks.

In any case, seeing my friends buying 1.4M houses in East Hawthorn, I know where value is.