RE:If it Looks Like A Duck...... Interesting snipit from the article:
"I'm quite happy because we can buy the shares [in Australian-listed juniors exposed to Pilbara conglomerate gold] almost for free.
"We see many North American retail investors who are very interested in the discovery in the Pilbara, but … they can only buy the North American stocks and only have Novo and Pacton [Gold].You have Australian companies with great assets in the Pilbara - Artemis, De Grey, Marindi, Kairos - that don't see any bids, and that's because the Australian retail market, but especially institutional investors, are ignoring this discovery.
"What surprises me is the scepticism, especially in Australia - you don't believe in it.
The Aussies could care less - this is just another gold discovery yet folks in North America are bidding this thing up like it is the best thing since sliced bread. One man's trash is another man's treasure. The Aussies are probably thinking stupid yanks could be buying similar shares for almost nothing but are forced to jack up the price of the only two games in town they have available on their exchanges. Well, the yanks aren't necessarily the brightest buch in the world - look at how the West is shipping off all their gold to the East!!