"canaccord recently allowed itself a bit of whimsy on the subject of what Aussie gold stocks would like at $US3,000 gold.... ....
The impact on developers like Bellevue Gold (ASX:BGL), Breaker Resources (ASX:BRB), Kingston Resources (ASX:KSN) and Matador Mining (ASX:MZZ) is even more telling. Their current share prices, with the valuation at $US3,000 and an 85c exchange rate in brackets, is as follows:Bellevue 59.5c ($1.80), Breaker 23.5c (91c), Kingston 16c ($1.14) and Matador 24c ($1.84).
