you are trying to compare the SP when they were an explorer to a SP now as a producer. Alot has happened to the registry since then. Forget the chart that's not how it works in this case now. So you are effectively saying if BLK were making money at present we will test the highs of $1.00. Highly unlikely, can't have it both ways????. The company has enough hedged for now at around $1675 so as long as AISC and production comes in on guidance forget the POG US movement in short term. Also the other driver in POG US falling is US dollar strength so I can see this sticking in a range for the distant future in terms of POG AUD. Many investors in gold companies here have not taken into consideration this new relationship present and are fixated purely on POG US, this was certainly the case when the AUD was gaining strength years ago against the US and Gold USD falling. This is not the case now. Again now a different scenario has been occurring and hence even if POG usd was increasing you would expect AUD $ strength to keep a lid on POG aud rising as the only way we will see POG heading up is for US dollar to lose value in the Short term. simply forget the POG we are somewhat hedged ATM with AUD $ movements until the relationship break and we have a falling US POG and a rising AUD at play.
BLK Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
