Too difficult to make money as junior Au miner in Aus. Examples BGF,BDG,BMO inadequate drilling as cost prohibitive. The only people making money out of the resource boom, are the large caps, property investors in mining towns, tradies working in remote locations and subcontractors. The mining companies themselves certainly aren't banking profits despite gold almost doubling in Aus dollars over the last 5 years. Don't believe the company hype look at cashflow if and when it eventuates.
IBR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held