Chinagoldbug, hopefully you just took the weekend off, but I'd still like to debate the price per OZ in the ground you're suggesting. I will see if you come up with any info from the 4 takeouts I mentioned, but for now, there is a very good BNN clip we can all go view.
The Hub Leaders, and many others talked about this clip back in Aug, but it is a real good one to review!
BNN, The Close, Aug 10, 2011 @ 5:05 PM, with Jay Taylor (Very good Info!)
Bottom Line, during his interview, he says the Real Big Money will me made by the Junior Mining Companies that are finding the Gold. The Majors will pay bwtween $700 & $800 per OZ in the ground!
Next week, if you do not come up with any info on the 4 takeouts, I will totally justify his comments, and the Math we do, cause I will show the board this average is bang on!
I will never use a number that high personally, I will always stick to $150 per OZ, but I do know that is low, and will prove to be low in the end. But it's nice to stay conservative!
I suggest everyone go listen to that interview!
Bow