The logical answer to your question of why explorers or near producers lag the gold price, is that the informed investors do not believe in a longer term higher or even same value of gold. Simply put, this is a statement of the extreme uncertainty of the financial times we are living in.
Discovery cost per ounce $70in Australia. Similar in Canada.
Purchase a discovered ounce in West Africa..$30/ounce
The logical answer to your question of why explorers or near...
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