PRU is an open cut mining soil with a gold content of 2g/t. Not...

PRU is an open cut mining soil with a gold content of 2g/t. Not much point in stealing that. The attacks on infrastructure are more of an issue but again there is less fixed installations on an open cut compared to an underground mine. They are really centralised in the treatment plant.

As the profits from oil + minerals become more visible many companies are finding problems. Even EXXON has its assets in Venezuala taken away. There are problems in most places but mining somehow survives.

Given the supply side problems it seems that high prices are here for longer.

Then again the rewards from higher prices on a large resource base are also so much higher. I think PRU could push their resource base to 8-10 million ounces in Africa - a value of $A8-10 billion. At a relative valuation of cap/resource of around 2% - a risk discount certainly applies.

I stayed away from Anvil becauase of obvious risks [I thought]in the Congo - enough said!!