When the USD POG hits 1600 in two years time and they are ready...

When the USD POG hits 1600 in two years time and they are ready to mine again then Bibiani will be worth something. Lets not forget about the high tax rate in Ghana and current difficulties faced by PRU in accessing electricity on a consistent basis and the fact that the Bibiani villagers will make demands on RSG for mining "their village's" gold. As for it being a cheap investment - well they will have already spent around $120m (I think) plus they will need to do a heap of maintenance, plant fixing (crusher was not installed as far as I know), plus exploration. And we do not know how much thy will be producing and costs - need a DFS.

Best to focus on Mali and the Oz operations and possibility if they can get another mine up in east Africa at their gold deposit.

The breakout in the POG looks like a fakeout so one needs to be careful. There are no current strong fundamentals underlying it and the Indians are not back buying gold in force until closer to their festival and perhaps needs govnut action to remove the gold import restrictions.

loki