No one jumped on me for stating whoever controls BBX controls the price of gold. The same could be said for palladium.
Many believe that we have reached "peak gold".
This is why the majors will have a bidding war for BBX.
They would have to write down their inventories by billions if BBX were to pour PM into the market - which would be stupid to do,but nevertheless the majors would not want to risk this.
In the meantime, as the POG increases, the inground resource values that have been accepted will rapidly become irrelevant.As this comprises a significant part of a company's valuation,we should see an across the board rise in non producing juniors who have resource.
BBX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
