Robin Bromby's "Pure Speculation" column in The Australian reports there's plenty of exploration real estate available in West Africa:
The race to peg ground in this region has been frantic in recent years, with Australian companies scrambling against Canadians and others for prime areas.
The enthusiasm is understandable: there are more than 50 deposits in West Africa each containing at least 1 million ounces of gold.
He goes on to list a bunch of miners -- most of which I'm not familiar with. But my interest in reading this piece goes beyond gold miners.
And I'll add that the gold mining companies I've invested in directly -- Newmont Mining (NEM), Goldcorp (GG) and Agnico-Eagle (AEM) -- are mostly NOT in Africa. That's by design, because there are political risks there more so than, say, Latin America.
But Africa does offer possibilities -- and I continue to suspect it might offer more "value" in the value investing sense than the bigger stories out there. Think Mainland China and India.
Then again, most of the potential investments on my dance card are in the US, Canada, and other places in the deveoped world. And I doubt that will change in the short or intermediate term.
Yet I'll continue keeping an eye on Africa.