the key for me is the price of gold improving considerably....which i think probably wont happen until after the next rate hike....after which we should see rate rises slowing, less money moving into bonds, and finally inflation catching up with gold...that whole inflation hedge of gold didnt really show through yet but with all these energy price hikes and inflation flowing through into rising produxtion costs ( as we can already start to see in EVN and NST results ) i think it will come into play soon...
Ann: Red 5 Ore Reserve and Mineral Resource Statement, page-5
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