The US to AUD exchange rate continues to assist cash backing per share when measured in $A
The approx $100M US held by GXY as at 31/12/2009 was worth about about $143 AU but would now buy around $167 AU
Hopefully The Mt C mining contracts are valued in Australian dollars as this would certainly also lower cost of production.
The US to AUD exchange rate continues to assist cash backing per...
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