Bungi,Great chart. Appreciate your eforts.It really demonstrates...

Bungi,

Great chart. Appreciate your eforts.

It really demonstrates the huge value gap that has emerged between A$ gold and PRODUCERS of A$ gold.

One can ALMOST understand in a severe bear market like the last 12 months how explorers for gold, esp. those short of cash, could be sold off. But producers of the stuff?

Profit margins up, share prices down.

And the gap between the two diverging lines is called an OPPORTUNITY!


It might also be worthwile to include on the same chart the oil price in A$, it being one of the main input costs for producers. So not only are A$ gold prices up and share prices down, but input costs are also down.

Anyone have an objective measure of other key input costs, such a labour in the mining industry, or drilling costs, or assaying? Anecdotally, we know they must be easing.

I hold TRY, and AAM.