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Old 26-07-2013, 10:30 PM
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Default The Greatest Gold Rush

Richard (Rick) Mills
Ahead of the Herd


Here’s four facts I want you to have on your screen before we get going:
  1. Junior resource companies, not major mining companies, own the worlds future mines. Juniors already own, and find more of, what the world’s larger mining companies need to replace reserves and grow their asset base.
  2. Juniors are the ones most adept at finding these future mines.
  3. The gold mining industry needs to discover 90 million ounces of gold every year just to stay even.
  4. The junior exploration sector is presently in the midst of one of the worst financing environments ever experienced by the sector.

Discovery

Despite increased exploration expenditures, a record US$8b in 2011, gold ounce discovery is not keeping up to the rate needed to replace mined ounces. The Metals Economic Group estimates that the 99 significant discoveries (defined as greater than 2 mil oz) found between 1997 and 2011 replaced only 56 percent of the gold mined during that same period.

http://aheadoftheherd.com/Newsletter...-Gold-Rush.htm
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