Ann: Robust Results Extend Queen Margaret, page-12

Yes I have been buying, but I am getting greedy so have a few lowball bids down there.

I have never understood the logic of connecting the current price of gold to that of an explorer who won't be producing for years and years. Does anyone think they can predict the price of gold 5 years from now?

One thing I do know is that the demand for gold is growing every year as India and China get richer and the supply continues to decline. We have basically run out of new supply (we are at peak gold) and gold is going to get more and more expensive to mine. Long term gain, short term pain.