I wonder if they're talking about CPQ?

http://caseyresearch.com/drpRoom.php...

Underscoring the point, Casey Research Senior Analyst Louis James wrote this week about a conversation he just had with the head of a well-endowed junior (they are sitting on 8 million ounces of gold and counting) currently being followed in the Casey Investment Alert. According to Louis’ email…

[The executive]… said that even though the majors still talk about not being interested in anything less than 5 million ounces, they are, in fact, looking at anything over 2 million ounces (which fits with Barrick backing into Atna's Pinson project).

They aren't buying yet, but they are looking hard, getting ready. He says the technical people from the majors aren't just looking at data; they are in the field, doing preliminary engineering guesswork. The majors' boards are full of bankers, not miners, and they are willing to pay more to reduce risk.

While it may seem to some that the majors are absent from the market, they aren’t. It is just that they had to get their own financial houses in order before they could begin to internalize the idea of regrowing their businesses after the devastating 20-year bear market in gold.

When they start to act, which we suspect will be soon, on the higher-quality plays we regularly recommend in our services, it will be like a piñata party, with everyone scrambling to pick up the best candies, applying a little elbow work if necessary to win out.