Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (58722)	4/18/2008 9:43:55 PM
From: Zincman	Read Replies (1) of 78406

Today's decision out of Ecu will only add too the value of larger deposits located in pol friendly areas. imho. When I spoke w. Randy Reifel of CKG early last year, he commented that there are so very few big, multi oz gold deposits on hand today. The majors are actively looking for these type deposits b/c they know they have to increase reserves by way of acquisition not exploration. He told me that none of the majors were seriously considering ARU as a takeover/buyout simple b/c the pol risk was too high. Seems he was dead on considering today news from Ecu. Will CKG be one of those co's that majors court due to their high oz deposit? Time will tell. Flip the coin. Today's action in Ecu has only removed even more supply from the market for the foreseeable future. The multi-oz co will be in ever higher demand moving forward. IMHO.. ZM

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