The resource base could be expanded within months, so who knows how much more gold they'll find. Perhaps there could be other minerals onsite as well. Silver & other metals are sometimes found in conjunction with gold.
The comment from Steve says it all.
Below is the current gold chart in AUD.
We live in a debt-based monetary system, which requires ever-increasing amounts of debt for the financial system to continue operating. Debt has to increase, there is no choice. Money is debt & debt is money, there is no money without debt. That's how money is born, through debt.
Global central banks have been printing money for decades & as a result, have debased every currency around the world, including the RBA with the AUD. That has resulted in the above chart, an ever increasing gold price. Paradoxically, it's not the price of gold that's increasing, it's the currency you're using to buy gold that's being debased before your very eyes. A worthless currency requires more amounts to buy the same product, gold.
Global central banks continue to debase their own fiat currencies (they have no choice) to inflate away all that debt, which is why I believe there is no other direction for gold to go but up.
Below is a previous post on my thoughts on the gold price. I believe we're on the cusp of another Bull run in gold, like the one from 1999 to 2012.
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