It aint 6 mill ozs at the toy factory ....... its 10 mill ozs so far haha !!!
Todays release re RIU Explorers Conference in Fremantle today
http://imagesignal.comsec.com.au/asxdata/20090217/pdf/00927859.pdf
How much this baby at USD 3000 / oz in a coupla years ? Alf actually says USD 10,000 / oz more like it.
Of course they will be increasing worthless yankee / ozzie pesos but doubt property prices will be moving as much if at all ...... so maybe we can consider hard asset equivalent in a severest stagflationary environment ???
Wealth is relative and Oz economy / AUD are headed for a few shocks this year methinks. Imagine handing out our national reserves to the pokie pensioners and permanent beachcombers Ruddie ... which school of economics does he favour I wonder ... Keynesian, Austrian or maybe Zimbabwean like the yanks are now adopting ?
GORM rules.
IMBOOC
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