$ Producers $

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Barz

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$ Producers $

posted on Oct 29, 2007 03:56AM

Will be the winners from here on in.

Don't be fooled we are still going higher.

Nov. 27th 2005 (Bloomberg) -- Newmont Mining Corp., the world's largest producer of gold, says the price of the precious metal may rise to more than $1,000 an ounce in the next five to seven years as demand growth driven by Asia outstrips global supply.

By Kevin Kerr, MarketWatch

Last Update: 12:01 AM ET Mar 1, 2006

The supply-demand gap

Global metals exploration spending fell sharply to $1.9 billion in 2002 from $5.2 billion in 1997. It's back to an estimated $5.2 billion this year. But the lack of past spending has caused a large exploration and development gap. It can take seven to 10 years to bring a new mine online.

We already have 2 mines.

Nothing has changed. We are in a BULL run the MARKET will catch up to our value.