Agnico EagleAEM is up $17 billion market cap since the first week of February. If gold hits $2500 (rather, when it hits $2500) what will the market cap be then? At some point, they will likely want to aquire some additional resource.
Some can argue the economics for Wallbridge aren't there yet. But the massive land package most certainly has much more gold. At what point does AEM decide to bite the bullet and make an offer to take out WM?
By the sounds of it, AEM has more room to grow market cap. Eventually they will want to make some aqusitions, and before things get too pricey.
https://seekingalpha.com/article/4694024-agnico-eagle-mines-stock-undervalued-miner-lower-risks-gold-prices-soar