If gold:
a) Hits US$3100 this year - 30% probability assigned by State Street, fourth largest asset manager in the world.
b) Aussie dollar drops to US55 cents.
c) Looking at ~AUS$5600 an ounce gold.
You have to be in producers for these possible outcomes, so quite happy for increased, unhedged production in the fullness of time.
Wouldn't want to be in anything not producing.
Above is not financial advice and my opinion only.
If gold:a) Hits US$3100 this year - 30% probability assigned by...
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