"The rush which has driven the price of gold up by 25% since the start of the year has moved into a deal flow phase which is attracting some of the world's richest people including Australian iron ore billionaire Andrew Forrest.
Greatland Gold , a London-listed explorer backed by Forrest, has agreed to buy Telfer mine in Western Australia from US based Newmont Corporation for US$475m.
The addition of a gold mine to the basket of assets controlled by Forrest comes at an INFLECTION POINT for the billionaire who has been looking to expand away from near total reliance on iron ore, a commodity in steep decline as Chinese demand falters."
