GG - probably not quite that simple. Previous discussions have also focussed on how the exchange rate alters the cost side of things and in particular the extent to which costs at overseas miones are incurred in AUD, USD or local currency.
I basically agree with you, but POG in AUD will only be one factor in Oz gold mining company earnings.
all that matters is aud price - its up $20 aud, page-3
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