They would be a possible player. The need for mid tiers to replace their reserves moving forward has seen three deals done recently. The mid tiers have moved on EAR, OKU and now AVB. These three are the next producers with good numbers, but EAR is the most advanced for the valuation. NST got a bargain during a gap in the market after the placement and took it. Smart.
I read an article last night out of Canada that suggested that gold is not being replaced quick enough. There is a lag and some analysts are suggesting a move to $1500 with China and Indian still eating the stuff.
I personally like copper and gold. good luck.
EAR Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
