another great announcement from the quoll, page-17

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