how long, page-2

How Long?

To be honest, my crystal ball is a little foggy at the moment.

Even Warren Buffett says he cannot make predictions about what will happen to the market today, tomorrow, next month or next year.

But buy companies who are drastically underpriced, in terms of assets, or income, and wait for the market to catch up with your view.

In terms of assets, A1 is drastically underpriced. They have over 1m oz of gold, the mineable portion of which is high grade, shallow, and close to existing infrastructure. They have already paid for a mill (including construction) and are trading just above their cash + future tax offsets.

And they have a fantastic new discovery at Delta, which is both long and deep, which will be further drilled once mining (at near record A$ gold prices) create positive cash flow. Cash costs predicted to be only A$600oz.

They have coal on their tenements. Some low grade Uranium. And prospective nickel holdings, which are the subject of a Letter of Intent with a major International miner. They also have tenements at Narnoo, prospective for gold, which is now being reassessed after the nearby Tropicana discovery.


So don't be anxious. If the share hasn't gone up yet, perhaps it still represents the fantastic buying opportunity it did when you first bought it.

And if you were (and are) correct, the market will catch up, sooner or later.

best of luck.

disclosure: 1,000,000 shares.