David Erfle believes there’s many changes afoot in the gold mining sector. The so-called GDX-J appears to be ready undergo another makeover. This time non-cashflowing companies will be removed from the index. Only producers and royalty companies will be included. What about all those exploration companies? How will this impact their ability to raise capital? We talk extensively about Barrick-Newmont-Goldcorp and where they’re heading. Large numbers of projects will be spun-off to raise capital and lower debt. What will the industry look like next year at this time? But this spells major opportunity for those with capital and expertise.
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