Sentia, lets go a bit further with my comment. Investors in gold...

Sentia, lets go a bit further with my comment. Investors in gold companies are there because we believe that the price of gold will go up. We don't need a company like GT who is not an acknowledged expert on the subject telling us there is a risk the price might fall. That advice falls on deaf ears for the gold bug.

And just a few weeks ago at the Denver Gold Forum the man that many consider the world's expert on the gold price, Pierre Lassonde, was predicting a very rosy future. See the intro to his presentation below. He is predicting a 4-fold price increase!!!! He's made these seemingly outlandish predictions a number of times since 2000 and been right every time.

Sentia, your rhetorical question on why LGC is interested is answered because they believe in what people like Lassonde are saying. But obviously GT and our dear mate Ray think the opposite.



Gold and mining investors should watch Franco Nevada Chairman Pierre Lassonde’s presentation at last week’s Denver Gold Forum.

Denver Gold Show Presentation of Pierre Lassondre

Lassonde believes the mineral exploration sector needs and will see a technological breakthrough like 3D Seismic’s revolution of exploration for oil and gas. He thinks the commodity super-cycle has at least 5-10 years left, and would bet “a lot of money” that the Dow:Gold Ratio reaches 2:1 over the next 10 years, implying a 4 fold increase in the gold price from today’s levels in relation to the Dow Jones Industrial Average.