Always like reading the Richard Schodde presentations, the statistics are telling. Gold miners need to replace reserves to keep mining. On his definition, Lake Roe is looking like a tier 2 discovery at this point, but it's early days (Gruyere also Tier 2). Tropicana being the last tier 1 discovery in Australia in 2005.
BRB Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
