it was a gold mine, now it is a series of holes in the ground, a labour factory, a nationalization target, and many other wonderful things. And they have to hire more labourers, and pay them more, to keep the nationalization hungry guys off their backs, and they use them to prop up the existing holes, and dig new ones. And then the sprinkle little bits of gold dust around - around 4grams for every ton of rock that the labourers bring up from under the ground. Only it is not actually pure gold dust - it is more like chemically infused gold like derivative that they have to extract by using copious amounts of cyanide and other wonderful healthy stuff. Which they then pump out into dams - and then have to spend more money to remove the healthy drugs that they have put into the water, so as to make the joint departments of mineral affairs, water works and the dept of handmeouts happy. And now comes the really good part - they then have to go to Eskom and say - I need a bit more than a couple of hundred megawats worth of uniterrupted power (500mw should do), at last years prices please, so that I can melt my 4gms of gold dust into a bar of pure gold. Please cut off the greater JHB municipality, or put them on rations, so that I can capitalize on the bargain that I am getting for the rand/dollar price for my product. If this sounds like a formula for making money to you - then explain the rest of the investment world, so that they can open their eyes and finally come to realize that a PE of 50 is really a bargain, and that they should buy more!
