Snippet from local analysts latest on Ozzie goldcos :Average...

Snippet from local analysts latest on Ozzie goldcos :

Average Sector valuations based IN GROUND (IG) reserves / resources are :

for Producers : AUD 313 / oz reserves;
AUD 158 / oz resources;

for Explorers : AUD 68 / oz resources
(in line with Canadian counterparts).


PGM's Skaergaard : AUD 1 / oz total pms resources
AUD 5 / oz Golden Core resources

Saw no mention of PGM in this gold list ....... or any other so far for that matter.

Guess no one yet believes in Santa or his toy factory haha. Yet one similar toy factory in the Arctic Circle (actually north of Skaergaard latitude methinks) was recently "valued" By NEM per takeover based USD 150 / oz resources ... Hope Bay / Miramar. Guess that IG valuation premium is based on it being a large 10+ million oz resource. How big is Skaergaard again (?)

Ive always been a figures man and this is simple arithmetic for my sliderule. It all depends on whether u believe in an evolving precious metals boom for various reasons over next 3 - 5 years as I do. Critical mass is an instantaneous event ...... no pre-warning given. You have to be looking for it pro-actively, hence reward / risk will vary according to your specific needs.

Personally I just go for the throat if my arithmetic gives me a green alert. Only done that twice before so looking for 3 outa 3 here even if challenged by the most dangerous/exhilirating market ever likely to have been seen. As I said, great eduction if u survive it and rewards beyond wildest dreams if u play it right. Shiite, sounds like the racetrack every Saturday haha.

Still wondering who is going to be the first local guru to run with the Ice Queen. Mineweb Sth Africa has already picked up on it .... but they are into precious metals more than we.

IMBOOC