RE:RE:RE:RE:Gavin Graham on bnnThe big miners have already booked nice gains to close the gap with current gold price.
The small producers are next and ofcourse we have to wait and see if it comes to us too.
I beleive it will but only to the juniors that have promise like gold terra. You have to have great management working for stockholders not just themselves on a project with enough gold to built a mine in a great juristiction. Then the project must be profitable and be able to pay its initial investment back no longer then 3-4 years. The all in cost to produce gold can not be more then $ 1300 per ounce. I know that is a lot to ask for but look at it this way: Would you lend money to a company if anything like this was not in place. That is why we need the extra ounces and the study done to show the market we are all that and a bag of chips not to be left behind. Sprott timed it perfect and GP knows it too.