gold set for 850 usd

http://news.goldseek.com/InternationalForecaster/1191196795.php

"We are seeing estimates popping up all about, for gold to see $750 to $850 an ounce over the next six months. We agree, but we think the time frame will be much sooner, perhaps within two months you will see $850. We have seen the abandonment of the dollar in order to save Wall Street and our banking fraternity, after they defrauded other professionals worldwide in the CDO-ABS scam. The money and credit injected into the system via lower interest rates was solely to bail out America’s financial lords. It had nothing to do with saving homeowner’s homes. Our next expectation is ever lower interest rates to try to reverse recession, the real estate collapse and a resumption of the bear market. The Weimarization of America and the world is underway. The major beneficiaries are gold and silver. Be sure you have loaded up, because once $850 is broken the speed of the climb to $2,000 will be swift and furious. You have to have the hedge and they are the best hedges."

How bullish is DOM looking on the forecasts for GOLD over the next 3 to 6 months. Current market cap is 381million - liquid assets of 52million = 329million, at the current price of Gold $840 AUD - $340 cash cost (108K pa ounces will deliver $54million revenue after costs) put that on a PE of 12 = 648 million dollar market cap.

And these back of the envelope figures don't count a much higher price of GOLD to come. Add into the equation a ramp up of say an additional 30K ounces at Challenger and that's another 15million net to the profit line.

Wow, Rochy/Humms i think DOM is looking at $5+ by December as more money moves into GOLD, and don't forget the Chinese once they start buying the sky is the limit.

Regards