Advancing N Am Junior explorers like Gbb ? When will the Majors push up the junior Share prices and scoop up the Advanced Juniors in N Am ?
Is Gbb getting there ? PEA final report early Feb, Gbb forum hints PFS on the way, should help monetize the Resource for a production Gold loan.
Some mid-tier producers might start thinking closer to home with more modest goals.
Junior shopping shouldn't be much longer with recurring issues such as losses, write-offs, cost over-runs, political and " permitting " issues of overseas Gold mining projects and some N Am ones too (guidance issues etc ).
Recent Examples of 'Issues' overseas
Iamgold - joint-venture mines in Mali
Barrick -Massive billion dollar cost over-runs in Pascua-Lama project, between Chile and Argentina
African Barrick, who wants to buy it
Kinross - Tasiast mine in West Africa - 2.49 B write down in Feb '12, Equador pondering increase mine taxes for Fruta del Norte project….
Goldcorp -political worries for Cerro Blanco project in El Salvador, delays in Chile's El Morro project -suspended April 2012- permitting issues...
Eldorado Gold - Hellas Mine in Greece
Agnico-Eagle -Meadowbank -shortened mine life, less gold to be mined
Newmont Mining -Conga project in Peru -community support issues….
Gabriel Resources - Romania permitting
Osisko - comments re guidance by Peter Koven in Financial Post