"If there was an area of the world where virtually every mining...

"If there was an area of the world where virtually every mining company has met with success lately, it would have to be Mexico. In one of the great success stories of this mining cycle, the parent company of Palmarejo was bought out for $1.1 billion by Coeur d'Alene earlier this month.

It was an absurd price paid by CDE but they were long on dollars and short on sense. Rather than actually find silver and gold, they figured they could just overpay. They did.

In any case, it was a giant victory for PJO shareholders. The company proved up 3 million ounces of gold in only three years for $6 million and were well on the way to production."

http://www.321gold.com/editorials/moriarty/moriarty052307.html