With all the recent Corporate development announcements in gold...

With all the recent Corporate development announcements in gold companies (Barrick buying Randgold and now Newmont buying Goldcorp) does anyone hold a view on whether these deals are evidence that gold equities are seriously under valued? Some major players are spending big money on big assets which should indicate that shareholders are seeing great value in gold stocks. Of course it could also mean that the companies on the hunt are very short of growth assets themselves so they have to buy a growth pipeline; but perhaps it’s both!

OGC may well look attractive to other hunters out there if I am correct.