I have fair value at $2.70 odd based on current volumes, POG, AUD and hedges.
But the real catalyst is once the hedges have been filled i have a price target of $4.50 to $5.00.
If POG keeps moving up the way and by my estimation the hedging is over by the end Q1 2010 then $4.50+ is my 12mth target.
gold still shining, page-12
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