Gold rebounding rapidlyThe minor correction seems to have unaltered the upward path of gold.
Primero ,s production profile and low costs of production is spot on for those mid-tiers like Eldorado , who are looking to boost their production by 150,000-200,000 oz.
Primero remains open to unsoliticed offers, despite the Northgate offer.
Mid-tiers trade above $8000 per oz of production.
P is trading at just $3000 per oz of production.
Watch this one carefully.
A competing bid could be coming.