resources exposure

Anyone who's bullish on resources, there's a listed fund Global Mining Investments (GMI) who have exposure to RIO, BHP and a host of International resource companies.

It's managed by Merrill Lynch and has a Net Tangible Asset value of about $1.30, but is trading for about $1.06.

Want leverage? They also have an option, exercisable at $1 GMIO.

More info and a pres available at the ASX.

Don't say I didn't tell you.

Cheers

PS I own both the shares and the options.