I sold out of lihir a couple of weeks ago and put the money into SBM @.76. I naturally expect it to go higher otherwise I wouldn't have bought. I was looking for an undervalued midlevel producer. Also was looking at Troy but SBM seemed the better bet better production and greater reserves. It has also been recommended by some US fund managers as being good value at current prices. I notice that it didn't take much of a hit with the drop in gold price last week, but that could change on tuesday. For me I'm just going to hold until the inevitable next spike in gold.
