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Message: Here's Jim Puplava's now famous quote.

Here's Jim Puplava's now famous quote.

posted on Jul 25, 2008 08:49AM

Here's [transcripted] Jim Puplava's now famous (to me) quote from his July12, 2008 conversation with Eric King....

http://www.financialsense.com/fsn/BP...

"And then eventually what will happen is as these market caps increase for these large producers, they are going to do just exactly what I would do as a CEO – and what we've seen many of these guys that you and I have been talking about – the next step is going to be, and I predict within a 24 month period, all of the two and three million ounce late stage development plays around the globe are going to get gobbled up. They will be gone in the next two years. If you have a deposit in a safe jurisdiction, you're developing it. So eventually it will work its way down the food chain, the intermediate producers will fall next after everyone gets tired of just putting all of the money in the majors and then it's going to filter down and then you're going to see an acquisition spree like you've never seen before."

Wow!

B.

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