Dear Messers Buffett and Munger: Given your extensive cash position and your constant search for acquisitions of undervalued companies, I propose the following. You might consider diversifying your holdings with a truly world class company in Newmont Mining (NEM) currently at a market capitalization of approximately $48 billion. Given a 50% premium lets say a price tag around $70-75 billion. The company is well worth that but if that is too large of a bite, may I suggest a much smaller deal. Hecla Mining (HL) can be had for about $6 billion, even with a 100% premium of it’s current $3 billion market cap. Your team might want to consider these two excellent opportunities.