gmi flat, page-3

Thats all well and good ... but ...

The cost of buying (their admittedly good resources portfolio) seems excessive.

Between Merril Lynch, Bell Securities, management and dirctors, I estimate the MER at 5%.

There is no way known these guys can generate that amount of alpha to justify their fees.

If it was costing me 5% to run my portfilio, that would be close to a quarter of a million dollars per annum. Not even some CEO's eran that sort of money. I'd stay home and manage things myself.

5% MER ? phuck that for a joke. Do it yourself. Dont be lazy