Hansix said,

The Majors should be licking their chops, talk about buy time. the sale of the century with the pog in relation to sp of legitimate gold late-stagers...my guess though, is that they miss this opportunity as my last post suggested, paralyzed by their own inaction.

The "paralyzed"by their own inaction made me remember....

Barrick and Newmont finally got rid of their hedges when the POG reached $1000 at tremendous cost....

These guys are just not as smart as given credit for...just an observation...