LAD.V - The Real Value of Gold in the Ground
The Real Value of Gold in the Ground
Note the vast majority of these transactions occurred below $90/oz Au in-the-ground and, except for more outliers when the price went exponential from 2005 to 2012, there is very little correlation with the price of gold.
In fact, the following chart shows that 56% of 253 takeovers occurred at a value less than $45/oz Au and 80% were below $90/oz Au:
Link