To which we say, we are already there, and they clearly missed the bottom call as most gold miners have doubled and tripled.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNHAoeICrVlE
Lets make this easy for everyone. The two largest inputs into mining are labor and energy.
Oil has collapsed from $147 into the 40s. Check.
Gold is sold for US dollars, the SA rand, Mexican peso, and Australian dollar have all collapsed. Check. This means that local lobor costs, denominated in those currencies have all fallen by at least a third.
Gold in USD and other currencies is stronfg, therefore the outlook for miners is excellent.
Everyone should well be aware by now, but even with a more than tripling of price of gold, gold supply is lower than in 2001.
There you go.
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