Peter Hodson on BNN +on ELDPeter was very positive about ELD's prospects. Thinks the mid-tier golds are on the cusp of a big run. He knows their story very well and seems convinced that ELD's troubles in Turkey are done.
I have a lot of respect for P.H. (unlike mot ANALysts), so his positive opinion IMO is actually worth something. (I like the fact he is 'high' on my 2 largest holdings OIL & ELD).
WRT to the iron ore mine issue. That is good news. Very ambitious timeframe for production (Q1/09). IRR is 54%. I would like to see ELD sell this mine at some point (and BHP is a logical buyer) or spin it out as a separate company and give us shares in it.
Not surprised at all that we ended upin the RED today (as I posted earlier). I thought ELD held up pretty good, and an pleased with being down only marginally.