rtenn,i agree. These are the only 3 I would hold.The biggest and...

rtenn,

i agree. These are the only 3 I would hold.
The biggest and the best with no hedging, plenty of cash, and large enough to be very attarctive as takeover plays (ie. NCM and LGL).

I remember when Normandy were taken over about 7 years ago.
it wa a pure gold play and had just cleaned up its hedging book.

interestingly, the $AUD was trading around the 65c level as well.

So, may be and interesting 12 months ahead for these 3.

personally, i hold bcd for a punt, but outside og NCM and LGL, you are taking a significant punt. Just my opinion.