Quality AssetInteresting tidbit from Kirkland Lake ceo(170-190K) producer about senior gold companies
now on the hunt for high quality low cost ozs to replace reserves that have been depleted during the long bear market. Seniors and junior producers have strugled to get costs down and debt
issues resovolved at the sacrifice of new exploration and new acquistions. He thinks the time
is now approaching where there will be an intensified search for high quality low cost assets
that can fit in without affecting capex costs or overleveraging..........BINGO. See article today
on Kitco website.