Gold in Aud, page-251

Thanks for all the work on your analysis which seems very sound to me. In your last chart xgd vs xauaud, for this ratio to go from 0.005 to 0.009-ish does this suggest an approx 80% average increase in gold stocks ? I have had in my mind a price target on NST of AUD32 and i feel that may only be 9 - 18 months away. If i understand your ratio above this suggests a target for NST of AUD37-ish also not beyond the realms... (I have plenty of other goldies but use NST as the reference standard).