By Marc Davis, www.BNWnews.ca
With bullion prices at all-time highs and world-class gold discoveries becoming ever more elusive, the investment industry is gambling increasingly sizeable sums of money on major mines-in-the-making. A recent example of this new trend involves Exeter Resource Corporation (TSX.V: XRC) (NYSE-A: XRA). Specifically, a handful of top-tier investment banks snapped up the high-flying mining junior’s CDN $57.5 million equity financing last month in less than 24 hours.
Of Exeter’s war chest, a sizeable amount is being used to develop one of the world’s largest gold discoveries in recent years. The Caspiche gold/copper deposit in Chile is a veritable monster that weighs in at 33.7 million gold ‘equivalent’ ounces. (This ‘equivalent’ metric involves silver and copper by-product metals that are valued using baseline prices of US $12 for silver and US $2.00 per pound for copper, while US $800 is used for the gold valuation). Stated another way, Caspiche boasts an inferred resource estimate of 19.8 million ounces of gold, 40 million ounces of silver and 4.8 billion pounds of copper.
The amount of money poured into Vancouver-based Exeter Resource is a clear indication that multi-billion dollar hedge funds are beginning to diversify into gold exploration companies – at least the ones that have especially large in-development gold assets. This is because these gold stocks are increasingly assuming a newly-found collective role as a powerful inverse proxy to the weakening US dollar. In this regard, they are proving as attractive as gold bullion, itself. And though they are far riskier investments when compared to owning physical gold, they have been offering much greater returns as of the past few months.
Continue reading at >> Goldseek
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/
With bullion prices at all-time highs and world-class gold discoveries becoming ever more elusive, the investment industry is gambling increasingly sizeable sums of money on major mines-in-the-making. A recent example of this new trend involves Exeter Resource Corporation (TSX.V: XRC) (NYSE-A: XRA). Specifically, a handful of top-tier investment banks snapped up the high-flying mining junior’s CDN $57.5 million equity financing last month in less than 24 hours.
Of Exeter’s war chest, a sizeable amount is being used to develop one of the world’s largest gold discoveries in recent years. The Caspiche gold/copper deposit in Chile is a veritable monster that weighs in at 33.7 million gold ‘equivalent’ ounces. (This ‘equivalent’ metric involves silver and copper by-product metals that are valued using baseline prices of US $12 for silver and US $2.00 per pound for copper, while US $800 is used for the gold valuation). Stated another way, Caspiche boasts an inferred resource estimate of 19.8 million ounces of gold, 40 million ounces of silver and 4.8 billion pounds of copper.
The amount of money poured into Vancouver-based Exeter Resource is a clear indication that multi-billion dollar hedge funds are beginning to diversify into gold exploration companies – at least the ones that have especially large in-development gold assets. This is because these gold stocks are increasingly assuming a newly-found collective role as a powerful inverse proxy to the weakening US dollar. In this regard, they are proving as attractive as gold bullion, itself. And though they are far riskier investments when compared to owning physical gold, they have been offering much greater returns as of the past few months.
Continue reading at >> Goldseek
For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/ 
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/copper-d.gif)
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