RE:Gord Bolton — You Were Right Maybe not. Sorry, Gord. Looks like PGMs are getting slaughtered today. So, who knows? That streaming idea is starting to sound better, especially if it's just limited to mine construction. Where Barrick blew it was they hedged years into the future. Using streaming to finance CapEx, however, makes a lot of sense. Especially on days like today!
Further notes: 1) In terms of resource the DRC is the richest country in Africa, worth an estimated $25 trillion. So, it's not a surprise RF feels there are more Kamoas out there on IVN property. The delicate political situation is the only factor driving off investment.
2) $6 copper? Don't think so. Before you get to 6, you need to pass 3. But it's true these low grade mines in South America need higher pricing to maintain profitability.