Within 6 months I'd expect the AUD to be at .74c (that's my estimate, and each to their own here), yes this is inverse to what we want BUT the fact remains that the extrapolation recently of USD to M2 money supply will outweigh any AUD effects, probably two-fold. The other beauty here is that the tenement is 100% Australian owned, therefore there are no outside sovereign risks, I have seen this in many African nations lately, Indonesia also, in my opinion Brazil and Mexico will be next - it is a given. We also have an open currency swap line with the US, this means that we are less at risk against short term currency liquidity issues; Covid-19 has been a blessing in disguise for currency markets - who knows how it would have ended up with complete $ shortage disarray? Enough ramblings from me, we have a great opportunity here in Australia to become a primary producer of many commodities which will always and forever will be much needed.
NL.
GRL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
