Ann: Duckhead Exploration Update, page-32

Remember Van Eck still held 55.6M @ 24/12/14 with a clear intent of reducing their sector exposure further. Note their MO is similar to other goldies they currently hold such as TRY and SLR. This type of news allows them to fast track their decision. The sell side supply will eventually drying up over coming weeks. Good place to be with a + 3 month view IMO