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Half-way through another annus horribilis for the gold industry, one of the most prescient calls so far has come from National Bank Financial analyst Steve Parsons. His accurate prediction in January wasn’t about the direction of gold prices, but that one asset type was about to heat up: junior gold exploration firms. Given the wretched market for juniors over the past two years, this may come as a surprise to some. But it makes sense when you consider the path the gold mining business is heading down – and suggests there are more deals to be done.