JOHN EMBRY, SPROTT ASSET MANAGEMENT
"If gold hasn’t moved up by the end of this year, I would be very surprised. People don't realize how distressed the gold mining industry is. Even at $1,000, miners weren’t doing very well. At $800, the entire industry is in crisis. Costs have risen so much, nobody’s making any real money. In fact, some mines are starting to close." (9/12/08) Read full article

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