We live in hope now that GNM is properly cashed up and the old...

We live in hope now that GNM is properly cashed up and the old chairman has retired, that the proposed drilling in QLD finds a decent estimated gold resource now that the gold price in AUD terms is this high. Refer below where gold bullion finished trading this morning.

The physical gold price versus the AUD and USD for the past 10 years to the close this morning. Note: Aussie is the blue line and closed at $2,650 up 79.83% over this period whereas in USD terms only up 43.13% to USD $1,732.70. This is why when calculating a potential resource, analysts are using figures significantly above AUD $2,250 to work out how much a gold exploration maybe worth (when a resource is found).