mining and ilua executed !, page-40

"Errrmm...why not? This is precisely a 'Warren Buffet" type investment as I said previously before the ILUA was announced."

glauconite - No cash-flow.

According to "The Warren Buffet Way" free cash-flow is one of the single most important parts of Buffets analysis. Existing cash-flow mitigates a huge amount of the risk.

Also, free cash-flow is what Buffet is after because it enables Berkshire to re-invest the returns from a wholly owned business, into new investments. The only way to re-invest capital growth is to liquidate the holding, and as you know, Buffet wants to buy and hold forever.

So I disagree - This is not a Warren Buffet investment... Yet.