Thought for the day
posted on
Jan 26, 2011 09:55AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
$40 per oz of reserves (economically extractable ore) not only presupposes that the company will not build a mine, it also presupposes that no one else (i.e., a possible acquirer) will either. That is plain wrong. Absent a PM bear market, somebody is going to mine that gold, and make a lot more than $40/oz doing it.