http://www.vette350.com/2012/07/ancient-metal-of-kings.html

There will be fierce merger and acquisition (M&A) competition for the juniors with stable safe gold ounces in the ground by producers having to replace their reserves in an extremely competitive environment. There aren’t very many decent sized deposits, ones over two million ounces, left in politically stable countries.

Junior resource companies, not majors, own the worlds future mines and juniors are the ones most adept at finding these future mines. They already own, and find more of, what the world’s larger mining companies need to replace reserves and grow their asset base

Remember, our junior resource companies, the same ones who today are so oversold and undervalued, are the present owners of the world’s future gold supply.