Excerpt from the Australian below -Link -...

Excerpt from the Australian below -

Link - http://www.theaustralian.com.au/business/opinion/al-miners-agree-canadas-the-place-to-be/story-e6frg9ex-1226281998606


When the yearly mining survey lands from the Vancouver-based Fraser Institute, almost all attention is on which jurisdiction comes out top and which comes bottom. If this survey is right, then start looking for something in Canada's New Brunswick province and cancel any thoughts about Guatemala or Honduras.

But the researchers also asked about 5000 companies around the world how they thought commodities would fare over the next two years. When the positive and negative answers were balanced, only one scored above the line. You won't be surprised to hear it was gold.



Mike Millikan has a buy on Focus Minerals (FML), which last traded at 5.1c. This company has plenty of paper out there -- the top shareholder alone has 676 million shares, and that's only a 15.6 per cent stake. But FML is targeting gold production of 200,000 ounces in 2012 and is hedge-free, although cash costs are on the high side.

Still, as we said at the start, gold looks like the place to be.