What do you consider substantial increase for price of gold?
$2200 USD = ~$2900 AUD at current exchange rate.
That ,and McPhillamys, and hedges closing out, what do you see the SP?
$8b - $10b market cap is a lot, but I think it is doable, but at least a few years away.
Anyways, $14 is my optimistic price, and we will need a few stars to align.
I would be content at $3.20, and happy at $4 from here, and obviously anything on top of that and I'd be extremely happy (given my recent and relatively low entry price).
Optimistic forecast, page-41
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