all in price, page-29

KS,
The fall of gold from 1400 is US dollars is due to the strength of the dollar. There is currently in inverse relationship between the aussie and gold at this point favouring the aussie gold price slightly. If giold falls to $1300 i would expect the aussie to be 90cents or below.
Even if gold gets to $1000US I would expect the aussie to be 70cents or below so SLR is somewhat protected by that compared to producers in countries overseas where their currency hasnt fallen as much.

At somepoint overseas investors will finish selling and the aussie producers will rally IMO.