PINL:VLTAF - Post by User
Comment by
ALLEN4on Oct 10, 2013 1:01pm
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Post# 21807331
RE:RE:RE:RE:RE:low grade gold discussion by Iamgold's CEO...
RE:RE:RE:RE:RE:low grade gold discussion by Iamgold's CEO...I leave this to golddiggers to respond to your challenge, but I expect he would have the same objection. Clearly, this discussion started on the basis of deposits not yet developed into mines, which is obviously where replacement resources need to come to. I maintain that 5 million ounces in undeveloped deposits are quite rare. That is why VTR will be in heavy demand by acquirers, and the crunch is estimated to come in Spring, of 2014 when many intermediates and seniors will be desperate for replacement reserves. If your only point is that there are many miners who have resources exceeding 5 million, then that is granted, but it is not much of a point.