Read the Northern Miner articles today

2 items, Don Lindsay on China and India per the Vcr show

4 inductees to the Mining Hall of Fame, BC's Jim O'Rourke (Gibraltar, CUM etc) on the virtue of doing business in BC with the PAC Rim and the more revealing article from Pierre Lasonde on new thinking in exploration game

1.) rate of gold discoveries is falling IE: multimillion oz discoveries

2.) quality of grade avg now, developed 1.06gpt, undeveloped is 0.66 gpt, miners are lowering their cut-off grade to.....dirt

3.) Capital exp used to be $60/oz, now at 200 to 300$/oz due to grades

4.) Increased time to get deposit into production Ken Snyder mine discovered 1996, production 1999, NewGold Blackwater discovered 2010, production 2017 (est), Goldcorp el morrow disc 1996, production 2017, "If you're an analyst and you take a world class deposit and discount it over 21 years at 8%, I mean, what's the value? Bupkis. And that is a problem, no value.

He cites more R&D is req'd, drilling the same as 20 years ago whereas Oil&Gas has changed tremendously, improved access to land,, resource nationlization is bad, rising royalty rates

Juniors have discovered 50% of the great world discoveries over the last 40 years