most small cap goldies still out off favour, page-37

Frantic - very balanced post there chum....... I think everyone understands that gold in Oz$ is really what we want to rise but this will be a secondary things as Aus$ become (perceived) as overbought and overpriced on our own Aust centric economic factors....... right now it's a better bet than the USD and strengthening with USD gold price and better prices in the tubes for coal, gas and wheat...... But a secondary trend will emerge as the ccy becomes overdone and this will be a rising AUD Au. price....... sure as nigh follows day....... certainly in NGF's case the hedging was a necessity but my only earlier point is they will be wishing to unwind when gold starts putting on the gas in Oz$ terms....... For plays over the balance of the next year to 2, I really like the juniors and micros who have cash, proven conduits to more capital and are proving up resources....... these will run once the producers are seen as fairly priced......... If someone gets Victoria right - for instance Lihir at the old BGF, then the scales will tip away from the big earthmoving jobs at high capital/extraction costs in WA and more to the east....... in the meantime the likes of Tropicana will be better geared to a rising gold price....... love gold, silver looks pretty fine too........ Pure Oz silver plays????