Ann: Wallbrook Exploration Target & Mineral Resource Estimate, page-284

From an article on Small caps

“It’s not a feeding frenzy yet, but a close look at the gold sector shows that conditions are perfect for a takeover rush.

More of the same, with variations, can be expected over the next 12 months as gold company managers try to achieve growth through M&A having struggled, in many cases, to have succeeded through discovery and development.

Growth, by whatever means, will also increase exposure to gold at a time when its price is rising strongly having just hit a record US$2060 an ounce with big-name banks such as Citi tipping a price of US$2300/oz by the end of the year.”