The entire sector is flat.
Its as if funds were being drained out of the market.
Or rotated.
While he said he thought the market was thinking come CR, he suggested it was not necessarily so with asset monetization.
I think until that happens, it wont remove the fear of CR.
Getting cheaper by the day as some give it away for pittance..
At some price point, we start if not already may be on the radar for someone to take us out.
He mentioned 100/oz being the cheapest of the acquisition costs of some recent transactions.
Ann: Annual Report to shareholders, page-47
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