My preference is to stick to explorers/producers operating in...

My preference is to stick to explorers/producers operating in Oz. My concern is a risk of mines in african/latin and asian countries being nationalised if gold seriously lifts off - I think it would be just too tempting. I realise the low producion costs and margins in these countries are tempting but the sovereign risk is there. There are already precedents in latin america. Something to consider anyway.