Hopefully that's not the case. No more naked shorts on paper gold and Physicals up to Tier 1 with 1:1 allocation requirement can only be good for the physical gold market.
Unless the analysts have missed something? The naked shorts on paper being closed before audit deadline is what we are supposedly witnessing now.....
Sounds like a few scenarios could play out, fingers crossed its not the one you suggest and we do see some steady increase later in the year but who really knows.
Either way, if GMD can give us a decent chunk of the M&I as reserve for the DFS we should be in business.
Ann: Ulysses Mineral Resource Increases to 1.6 Million Ounces, page-18
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