myg gets a mention in the australian today, page-18

Hi guys new holder here. Bought about 230k.

Massively undervalued is all I need to say. With what they have they should be at least 85m. This is without the upside of up to 2m oz.

The sp is also dragged by the recent cr. Recent market turmoils have done good in flushing out the nervous holders. Add that with a massive profit margin I see no problem in getting funding to production by banks provided they hedge. With gold looking to average 1600... I see no problem in gettin a hedge of 1350$ if they are desperate. That is still worth multiples of sp.

Just remember gold will correct eventually. Maybe even down to 1400$. But with the issues of Europe and America, I can't see gold below 1250$ for the next 2 years. 2k/oz by Xmas is looking more likely.