National Post:"We believe that Kinross' bid will be the start of a bidding war for one of the most coveted undeveloped gold deposits in the world," Michael Gray, analyst at Genuity Capital Markets, told clients. He suggested that Kinross must have "sufficient in-country intelligence" to convince them to jump the gun with a bid in light of Ecuador's political uncertainty.Wendell Zerb at Canaccord Adams called the chances of a rival offer "moderate" at roughly 50% given Aurelian's high profile, high quality Fruta del Norte project, which is Ecuador's largest gold deposit. The analyst suggested Barrick Gold Corp. (ABX/ TSX) and Newmont Mining Corp. (NEM/NYSE) as the most likely candidates. My comment (Not Laross but the Blogger): Kinross must know something about the new mining law in order to step up to the plate like they have. As can be seen in the article one of the analysts is saying there is a 50% chance of a rival bid. We are talking about 13 million ounces of gold with more to come. The next question after this bid is what happens to Dynasty Metals and Mining as they have a pretty good size resource and were almost ready to go into production.
