Physical gold outperformed gold equities in 2011 and all Im reading is that this should be reversed in 2012.
If gold can range from $1800/oz - $2200/oz this year then it will be a big big year for Noble. Even at todays Gold price there is around $1000/oz margin.
With a target of 4-5 million ounces at Bibiani and with Cape Three Points down the road, surely we will be a takeover target for some of the bigger mines in the region.
Perseus (PRU) with a 1.3 billion market cap is one I follow who might be interested?
phone call, page-5
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