Bullish as ever on gold, Rob McEwen foresees a tough road ahead for mining explorationists and mining developers, who fail to take into account the needs of a non-mining investment community.
RENO – As gold bugs get discouraged in the wake of year-end sell offs, über precious metals mining entrepreneur Rob McEwen still is firmly bullish on gold in the long run and stands pat on his $5,000 per ounce gold price prediction.
In a talk to the Geological Society of Nevada Wednesday in Reno, McEwen urged the audience to “step out of line once in a while” and constantly question fundamental assumptions about geology and discoveries.
During his address, McEwen recalled his own struggles with his senior geologists and the mining analysts who assumed that Goldcorp’s 50-year-old mine in Red Lake, Ontario, was played out. The former mutual fund manager had no mining expertise, but had emerged as Goldcorp’s majority owner. Continue Reading →