Hi mate,Its not really relevant what the discount % is. We all...

Hi mate,

Its not really relevant what the discount % is. We all know the resource is best in the world, however it is non geological risk that constantly needs to be reassessed, and in my view should be reassessed on at least a weekly basis. The way I would answer it is to ask:

is non geological risk higher this week than last week? Is it higher this month than last month? If the answer is yes to both, which I believe it is in light of the NE Congo conflict but also broader macro political tensions, then some discounting from what the SP was last week and indeed last month (pre rally) is going to be necessary in my opinion