going nuts, page-217

Flats, good point regarding foreign buyers, not sure if this article has already been posted here, but saw this the other day that is relevant to your thoughts:

Nth American funds buy Aust gold stocks
American fund managers have junior Australian gold stocks increasingly in their sights because of their relative cheapness and exposure to a rising gold price, says miner and explorer Focus Minerals Ltd.

Australian gold stocks were seen as good a deal in North America, where their domestic gold stocks were fully priced because resources and reserves were fully valued.

The Australian market, on the other hand, put most of its value in gold production, Mr Baird said.

"The valuations of Australian gold companies versus the valuations of Toronto-listed gold companies are literally at a 50 per cent discount," he said.