for the ones that cant think, page-5

it took a number of years for gold to take off last time from $ 35/ounce to over $800 in 1980, I think it was about a 10 year run, with the real mania being in the last year or so. The current run in the price of gold has some years more to go, at least. We can not predict at what stage PRE will be when the mania peaks. However, so long as they have a JORC reserve/resource of substance its price will be multiples of its current level (even if it is not in production then). In addition I expect that gold will become part of the money system of the world as the current government based system is unworkable.