This is a gold hedgers worst nightmare. Aussie dollar rising from 64.7 to 68.2 who could have seen this happening, and gold doing nothing. 2865 an ounce. All the gold pumpers have gone quiet. We need gold to rise to 2050 an ounce right now to get back to 3000 an ounce. This is why i kept stressing to the company to lock in 3000 an ounce, because 3000 does not grow on trees. Gold never keeps up with a rising Aussie dollar and now we are losing 130$ an ounce and probably a nice dividend too.
Ann: Beacon Announces Geko Project Mineral Resource, page-63
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