In short: Cited as evidence, not a stance — acquired by Agnico Eagle this year for $500+ US per ounce in the ground, and "applauded" for it: proof majors can pay far more than the $50–100/oz his juniors trade at.
24:51That's the second part of the trade that I've yet to enjoy that I'm looking forward to. And a final point I'll say is this is not just hypothetical, Stein. We've seen two deals this year that clearly demonstrate that senior mining companies understand that they can pay a lot more than $100 an ounce for deals. So, we had Rupert Resources get acquired by Agnico Eagle, the largest mining company in the world, for $500 or more US per ounce in the ground.
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