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Message: Peter Munk's Comments bode well for Silverado Gold Mines

Peter Munk's Comments bode well for Silverado Gold Mines

posted on Feb 08, 2010 07:59PM

Peter Munk, the 81 yr. old CEO of Barrick Gold Mines spoke on BNN news Sat night about the difficulty of going into gold production in the year 2010 as compared to 2,000.

It is not 2x as hard to-day, but rather 10 x as difficult for companies to go into gold production. Consequently, those extremely few who are ready to do so, will be richly rewarded with a high P/E ratio.

Silverado, is on the verge of doing just this, once it gets financing in place. When this occurs, "The Best is yet to Come!" IMHO

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