http://video.cnbc.com/gallery/?video=3000031915
begins at the 1:50 mark
Kudlow: How much does it cost you to produce an ounce of gold?
(what an idiot! Just wing it Larry.... no one will notice you haven't read the guest profile)
Whitttall: We've made the largest discovery in Mexico... and it's unhedged... in the ground
Say what? Clearly the guy's rattled - being on TV can do that - not like public speaking AT ALL.
But then realizing you're on with a complete idiot (if you didn't know aready) makes it that much worse.
Of course they're all a-tither on SH because of this - visions of sugarplums...etc, but what *I* think he *meant* to say was: the largest discovery in Mexico so far this year. He just couldn't get it out. That makes sense, doesn't it? I mean, what else could it be? It's obviously not the largest gold discovery in Mexico - not by a long shot - hell they don't even have a 43-101 yet.
The reactions on SH to this comment tell you everything you need to know about "investors" in this sector. Present company excluded of course;)
Thoughts? I mean, it's a very nice discovery and all, but let's keep it in perspective, no?
ebear