By Richard (Rick) Mills
Ahead Of The Herd . com

As a general rule, the most successful man in life is the man who has the best information.

Pure gold deposits are increasingly difficult to find.

“What really bothers me is that in the 1980s or 1990s, we saw three to five discoveries of 5 to 20 million ounces each, and upwards of 30 to 50 million ounces a year. That is what makes or breaks the industry. There are no discoveries of that magnitude now.” Pierre Lassonde, veteran gold analyst, co-founder/chairman of Franco Nevada Mining Corp., former president of Newmont Mining Corp.

Each year the mining industry must come up with a major new gold discovery of five million ounces just to replace what one of the world’s top gold miner’s digs up. Because large pure gold deposits are so hard to find - the low hanging fruit has already been picked - gold miners are turning to deposits that contain other metals like copper.

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