I would be surprised if it was left @ 1 : 1 ..... the $au faces head winds in the foreseeable future especially with the $us being so strong and likely to get stronger if a US interest rate rise happens ...... I don't think we will be seeing parity again any time soon ..... given that the falling $au has such a dramatic improvement on the IRR it would be widely acceptable to use 90 : 1 imo ...... with an 80 : 1 also thrown in for good measure ...... just my thoughts.
TNG Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
