Not sure how much of that $5 is left.
GP looks like breaking out in US$ which will only be magnified in A$.
The price gap is over $600 oz the highest its ever been. (US$1370 vs A$1990)
I don't think it will be too long before we see GP around A$2200.
I don't see them prioritizing settlement over drilling or the other way around, their pushing forward on both fronts.
Any reasonable news on the Indee settlement coupled with Toweranna and the GP continuing will make a nice little recipe for a serious re-rate.
The market is always slow to react then over corrects.
Ann: Notice of General Meeting/Proxy Form, page-59
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