Expansion Plan, page-76

Well said Pactolus!

We have a notional disagreement on pricing though. I agree that the Au price is driven by the futures market, where the physical supply would be hard, very hard stretched to supply. However, the price is the price, regardless of its long string, of supporting fictions, eg. simple math doesn't cover the gap between paper ounces and phizz. Nonetheless, essentially focusing on the paper price while disregarding its validity eliminates a great deal of noise.

Again, it is what it is: Au in a bull market period, with BLK a leader, and perhaps a t/o target.

OV