spiny....
Please listen to the audio interview of Pierre ( Former Newmont CEO ). He brings up alot of issues and why SFMI is getting primed for a buyout.
1. Drilling
2. Pierre makes a big deal of finding gold at 1oz per ton. WEM has up to 300oz of gold per ton of quality gold plus silver...431 101 will prove that..RK said we should get some results in 2012.
3. Foreign countries today are unstable. At least for now, we have alittle stability and a long running govt.
4. European politicians are kicking the can down the road so they can get elected instead of tackling their huge debt problems. Sound familiar? Europe will see a major crisis in 2013. They're just postponing it by printing money to sustain for the inevitable. My buddy is dumping shares in his European companies even though some are heading upward.
5. Major producers must continue to establish their current inventory so they're looking for Juniors with huge reserves to buy out.
6. China and India have lots of cash on hand along with less restrictions on buying gold and silver. Buying of gold and silver the last few years are in the billions now. Also, a Saudi Prince recently bought 8 billion dollars worth of gold.
7. Pierre did this interview when Gold was $1600oz..he anticipates it hitting $2000/oz. We're nearing $1800/oz
His interview should be archived for everyone to hear the ex-CEO of Newmont. The guy isn't a schlep.
PQ Inc have their shit together now...revenues, buyback, 43 101 and drilling. All in that order. They get it.
BTW...Kinross won't be back. They have to restore the Florida and Delamar mountain ranges to their original form. Don't count on them....
Count on Barrick Gold making the move on the SFMI for a couple of reasons.
1. Next door neighbor...easy to move next door.
2. They have the capital.
3. Forget about Scorpio Mining... less than $2 pps and don't even come close of buying out SFMI.
This is how this reporter sees it...JMO
