the future, page-3

Interesting hey.

Most companies capitalised at $100 million that are spending over $40 million a year on exploration activities would be asking shareholders for money to sustain it. AMU has no need to touch shareholders for a cent of this.

Most companies spending that much would also have a high level of disappointment. AMU has an almost abnormally high success rate.

As a stock to holder for the long-term I am as comfortable with AMU as I am with QBE.


MJS