Excellent find BOW!

We have to keep an eye on Glencore since they did their IPO and extended their credit line. When they did that, I took it as a hint that they would be on the hunt for some aquisitions to add to their portfolio. $475 million for a polymetalic property is not a shabby price either! I can,t remember, but maybe I had it figured that Glencore had, or could get access to $20 billion?

I was surfing some other message boards last night, and read something interesting, if true. The poster said that China backed companies were buying small non public gold miners in Peru for cash. This news did not reach the media, but apparently its going on and I am not sure how many he said was bought up. If this is true, it seems China is flying under the radar, snatching up as much gold resource as they can, besides what the public knows about.