Do you know what the most significant piece of news was yesterday? (in my opinion)

It was Torex Gold (TXG) raising $350MM in a Bought Deal for their 5.4 million ounce Morelos Gold Project in Mexico.

Here we have a developer that won’t pour gold until at least 2016 being able to raise ~40% of their market cap ($875MM before the stock was halted) at a 7.5% discount…

When was the last time you saw this size of financing in Canada for a development company?

This could very well be one of the key Turning Points for the sector – and it goes to show how under-invested Institutional Investors are in the space.