Rick Rule" When gold prices catch fire" 5/5 Kitco
As the sector itself performs, and the cost of capital that the sector enjoys declines, then you will see the exploration sector pick up. The caveat to that is that the industry has underinvested in exploration for many, many years and the exploration and development pipeline is very constrained, so companies that enjoy successful exploration efforts will see themselves rewarded extravagantly in the market,” he said.