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Message: ABX vs. GG for goldmines - could have significant implications

ABX vs. GG for goldmines - could have significant implications

posted on Jan 08, 2010 01:38PM

Read the following article:

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/barrick-loses-mine-to-goldcorp-in-battle-for-copper/article1423050/

Basically states with so few pure gold deposits left they are looking at copper where gold is present and in this case one of these giants "snookered" the other out of a deposit. Could have significant implications for consolidation in 2010 and specifically me thinks for NAK

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