You need to think like the majors doto have any hope of pinpointing with any accuracy when they will shift into buyout mode.
The majors won't move on the lower grade deposits no matter how many ounces in the ground they have until they get a clear signal the POG has made that irreversable move upward.
Tudor will become a frontrunner with the majors for a buyout with liittle doubt when that time comes. Just not before then.
Along with forward looking economists, the majors have their eyes glued to the Fed and every botched move they make and will make to determine future shift in the POG.
Few, but a certain (few) foward looking economists have the Fed pegged accurately ahead of the mainstream crowd of economists out there who just follow the latest narrative.
They cut through the confusion that reigns currently with the Fed chair talking out of both sides of his mouth, even admitting recently he has no idea what's really ahead accurately speaking regarding the economy.
Bang rattle clang , may as well tune it out for the next few months.
Once again - know that, regardless of the current ebb and flow of inflation translated to a current backing off due to numbers manipulation and other unsavoury government moves, that they only provide temporary inflation adjustments from time to time. The economy is steadily weakening in real time aside from any and all Fed-speak .
Deficit spending has only slightly decreaesed in this period of monetary tightening and bogus too little too late inflation fighting.
A very deep recession is building in real terms and will explode likely by mid 2023 with the Fed no longer able to contain a crisis without an all out pivot. Then followed by a return to monetary easing/deficit spending which in effect will completely nullify any further inflation containment.
Its the investing masses at the retail level that drive a steady romp upwards on the POG and little else. The majors know this and will wait to see it begin to unfold before making their acquisition moves.
When the investing masses finally see the Fed has lost the battle with inflation, and with the dollar tanking under the strain of a renewed QE,the romp upwards driven by the herd that can sustain a steady rise for months on end will commence.
At the point of this floodgate about to burst, the majors will respond.
I hope Tudor is paying attention and will have their ducks aligned in time for all our sakes and maximum returns.