oppies and heads on the run, page-6

Hi MBEARD,

just a guess because of what lays in the MOY ground and what the comp expects to produce.

I don't know what the market will do but if the fundamentals of MOY are something to go by then 5c heads and 2c oppies should be easily achieved by production start. And the PoG seems to be on the move up despite China and India reduced their import due to less demand.

The reason is the production decline as NCM and others had huge problems and many explorer / emerging producers had to struggle with financing their projects due to the falling PoG.

Look at oil, the production costs can't be met at USD 70 anymore if fracking gets involved. Same applies for gold, the time of USD 400 is way over and comps won't sell for less USD 1400 / oz anymore. If PoG falls further they just stop production and exploring, like the oilers did.

I found the $ 7000 PoG ABC interview. Here is the link:

www.abc.net.au/news/2012-08-14/full-version-of.../4198830
6 days ago – Source: The Business | Duration: 15min 29sec ... TICKY FULLERTON, PRESENTER: And speaking of gold, our guest tonight has been dubbed ...

Finally the GFC turns back into one of the old fashioned economic crisis where in the end people run into everything that converts without big losses into the new
situation. And these are: shares, commodities and the good old properties. Wait for the interests to fall further, like in the US and Europe where the current share market rallye is not caused by economical success but by fear to miss out on any gains or even losing their savings.

After the shares and commodities the anxious mum and dads will put their savings into brick and mortar, as it has been for hundreds of years. And with building activities down for the last few years they will snap up everything they can get their hands on. Has happend so often and will happen again.

All IMO, but so far Karl Marx has always been right in his analysis of the capitalism and the people running the show.
Lenin added the human factor to it but the people after them ( Stalin, Breshnew, Mao, Ho Chi Minh, Castro, Honecker ) stuffed it up on the socialist front while the western leaders / big business owners behaved as expected by Marx. Therfore still the occurance of economical crisises.

My 3 favourite books

Capital - Karl Marx
What to do now - Lenin
The Snowball - Warren Buffett

GL to us all.