something is up, page-28

" wonder if and when there will be a mad acquisition rush for the larger gold players to bolster their reserves?"


Not going to happen for many awhile.

Listen to Barrick's latest presentation. The majors finally get it... and listen to Les Davis's BRR presentation on the SLR thread for confirmation... it's no longer about production and reserve replacement.

Barrick and SLR et al intend generating more EPS profit growth on the back of LESS production. It's a total transformation of the industry. As Don Coxe says, the majors have taken the pledge to Alcoholics Anonymous at the PDAC conference... not one more drink from the shareholder equity well to fund capex projects!

And that's got to be good for gold equity investors, in the long run.