WOWSERS / this is likely no less than a 30bagger !!!Over the last 5 years or LONGER what we are seeing is the return for exploration is rapidly diminshing so we are not seeing a reduction in exploration dollars but rather what we are seeing is a reduction for the return of those exploration dollars. We are not seeing the discoveries, and the discoveries we are seeing are coming in at a lower grade in less favorable jurisdictions. If you distract out of those discoveries where those really good discoveries have been in the good jurisdictions you see there is very, very few, and therefore the price that is being paid for those discoveries is substantially higher than what we are doing, and therefore that is the reason where the bigger gold companies no longer have the ability to replace their reclining resource base internally, they are having to go externally, and the competition for those options is becoming really intense, and that's why the price for good assets in good jurisdictions is becoming so high.
There is a rapid decline in the return for those exploration dollars. So we are just not seeing the discoveries we have been seeing in the past. We are not seeing the discoveries in Good jurisdictions with Good grades and therefore GOOD Acquisitions in GOOD Jurisdictions are being purchased at HIGHER prices ..
My apologies folks for being so Conservative.. I am adding a few hundred thousand shares soon to my TFSA lol.....