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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: Italian Investor who wrote (768)	2/19/2011 3:11:10 PM
From: Italian Investor	Respond to of 1366

Jim Rogers youtube.com youtube.com

To: Italian Investor who wrote (768)	2/20/2011 8:25:22 AM
From: refugee investor	Read Replies (3) \| Respond to of 1366

So far I have been too early with Perpetual (Paramount), it keeps falling. Basically I think nat gas will go up again sooner or later because it is too good and too clean an energy source vs everything else to be so cheap. I also don't believe that shale gas can be produced for less than about $6 an mcf. Liquid nat gas is something new and may change things so that gas does not go back to $20 anytime soon. I have heard that Quatar could supply the world for about $3 an mcf cause they have so much that they can get to cheaply, but that would not make sense, they might as well supply at the going rate. Most of Perpetual's cost of production is very cheap too, about $2, they also pay a nice dividend in Can.$, 8-9%, which is covered. I noticed Mark Faber said the same thing at the roundtable, nat gas co.s might be a good idea. One reason not to is that I have a lot of PWE (20%) and they have about a 40% exposure to nat gas, so I am already pretty well covered when you add that to my small Perpetual position of 4%. Another idea I should get on with is to sell some of my White Mountains (about a 15% position) and put it into AIG--or this new spin-off AIA. Bruce was on the WTM board for years so he knows it inside and out, and he obviously thinks AIG is a better bet. I am about 40% in Can$ stocks which is nice, all in all maybe 50% in non-US. At the moment: PWE 20% IMP 17.5% WTM 15% BRK 13% cash 12% ABB 10% STT 8.5% Perpetual 4% then there is about another 30% of that in a back-up hedged thing I dont count Glad you are having a good year!