I think it has a lot to do with investment groups mostly stating by year end gold will be at $1050. If this is what people believe (obviously wrong since we are in a rally) then why would they put money into a company with debt and can not produce revenues in the foreseeable future?
Once gold crosses 1400 there will be a huge move to miners because it proves the so called analysts are wrong about gold.
Until then I will buy and BAA is my favorite miner.
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