Plough,
I think gold will stay away from base metals, so as not to debase their currency.
From my understanding gold stocks typically get a higher PE, which they lose if they cease being viewd as a pure gold stock. Alternatively you work their DCF with a lower discount factor.
Interesting to know who does have the cash, I certainly can't see many out there. I doubt those that have will go for WSA atm, vs save the cash for the firesales, eg P Hill.
EL
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another great announcement from the quoll, page-17
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