Hey, Speculator, I was wanting to flag the post you put up but I...

Hey, Speculator, I was wanting to flag the post you put up but I couldnt remember where it was put up. I must say the work you do is first rate and probably the best that I have seen on this forum. I only come here for a bit of extra background and I commend you for your work, well done mate. Re 20cps, this is may sale price for the existing gold price. If gold price goes higher you need to estimate your Beta, in finance parlance. Given historic precedence, leverage, both operational and exploration, and ignoring any A$ exchange effects I would expect a minimum of 2x, ie if gold goes up 2x to US$5,000/oz then PNR should go 4x. I would also put in another 2x factor to right size the operations for the goldfields. Bottom line I consider US$5,000 gold would be a 8x and US$10,000 gold as 16x. This is big as I can go ATM, ie US$10,000/oz equates to 4x by 2x by 2x = 16x 20cps = $3.20/share. A more near term US$5,000/oz would be 8x or $1.60/share