Good points, I don't think we will see parity again anytime soon, but we could push up towards 85c+, if the USD capitulates and some commodities rally hard. Just saying it might take some of the shine off any USD POG increase. The good news is that gold stock sentiment has a stronger correlation with USD than AUS gold price. I think we could see AUD$1800 this year and possibly a new all-time high in 2019. The margins and cash generation from Aussie goldies would be off the charts at these levels. They are cash machines at $1650-$1700.
My hope is that we get a spike towards $1800 at some point and DCN lock in some decent hedging, at least to cover debt repayment.
DCN Price at posting:
$2.84 Sentiment: Buy Disclosure: Held
