RE:Did those horses we held well today. my plan is to double my holdings this year. how about you?
do the math. if they recover 1M ounces of their own gold. barrick buys precipitate at that point. but it's a 10 bagger in that scenario. they've got 3 opportunities in large leases to mine gold, silver, and copper. that pueblo grande mound of could be the next pueblo viejo and add 10 years to barrick's reserves.
i'd rate it like this: pueblo grande > ponton > juan de herrera in terms of finding the large deposit.
honestly, they may have given barrick too good a deal if they find another 10M ounces at pueblo grande. the drill program will yield good results, i believe. that whole island is an old volcano, which is good for finding gold. as long as management doesn't make any major misteps (i.e. diluting existing shareholders). we'll see!