Money Flow to Junior Gold Miner

Notegolddiamond-A number of large-value fund of U.S. $ 57.5 million, flowed into the Exeter Resource Corporation (TSX.V: XRC) (NYSE-A: XRA) to develop a new gold resources which include the world's largest. It is indicating that multi-million dollar hedge fund companies began diversifying into gold exploration companies - especially those living in the development of gold assets. This is a high risk investment with high returns. And this is the reality that makes syndicated financing directly descended Exeters new mining finance.The Exeter mines located in the Caspiche gold / copper deposit in Chile and become one of the giant gold resource that containing 33.7 million gold.

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According to Mineweb news sources, until now anyone who becomes involve in this funding has not been revealed. But it seem that there were some famous names of investment funds from the United States and Europe participated. This according to investment bankers who want to remain anonymous because he was not authorized to speak to the media.

"Please note, this financing include the financing of one of the world's largest hedge funds. Hedge funds are only invested in gold stocks today, but it has begun a trend among large hedge funds" according to Mineweb information sources.

Among fund managers, corporate finance gold has now become a trend.

"This latest financing formed overnight. And the size (of funds) it has surprised many people," said Chief Executive of Exeter BNWnews Yale Simpson said.

Big problem today for the gold mining are fewer world-class gold deposits (at least five million ounces in size) that have been found. Imagine, the success rate of about one per year, regardless of how many companies are hunting for it and the money spent on it (about U.S. $ 4 billion per year)

Complete article in English can be found in :

http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=94111&sn=Detail