crc in the age newspaper yesterday, page-3

I got one
From the article
Using a gold price of $A1150, the starter project would throw off a $68.4 million pre-tax profit over the period. The projected """internal rate of return at 68 per cent is as good as gets in the sector."""


Which seems like a glowing report. But as i see it the USD is going to tank rather badly over the next year and the AUD should reach parity with the USD say by xmas or January. So that’s bad for the AUD gold Price which is all we should worry about so we do need a rising gold price as well. And when the USD tanks the gold price goes up. So I see a AUD gold Price of 1500 per oz by February and may run much harder if all that Chinese USD cash pile gets worried then I can see that running to gold very quickly. Bet they buy a big slice of the IMF sell off.