I listened to the Hathaway interview and was impressed with a few of his statements. He said the U.S. government’s “entitlements” total about $100 trillion not including the new health plan. The total market cap of the gold sector is around $300 billion, a relatively small number. Few pension funds have started investing in golds or physical - they are too bureaucratic. The trend to higher gold prices and higher evaluations of the stock sector might take 2 or 3 years but is inevitable. The major producers are highly undervalued at present share prices. Merger and buyout activities haven’t gotten under way but are inevitable. The majors will be looking for small undervalued exploration plays and competition to capture the best ones will heat up. Also, as PM prices rise, relatively marginal gold properties that have been ignored by the majors will become more practical and more attractive.

All sounds positive for ECU if we can just hang on............