FT Summarizes PDAC
"Other vehicles to bet on the precious metal’s ascent have reduced demand for gold stocks. But, they argue, investors are also starting to value gold companies as, well, businesses, rewarding them for good management, cost control and sensible strategic planning, rather than simply computing the intrinsic value of ounces in the ground."
http://www.ft.com/cms/s/0/88704188-6c16-11e1-8c9d-00144feab49a.html#ixzz1p0sfP0Vp
One thing typically ignored in such an article is that the numerious exchange traded funds listed on North American stock exchanges that accumulate shares in developing gold miners are always on the lookout for a profitable gold mining companies on the same criteria. GDXJ is but one example, though its probably the largest.
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