Small volume but I'm no surprised.Key points:1. Sp already...

Small volume but I'm no surprised.

Key points:

1. Sp already hammered br Rudd supertax. My view is that the tax will get support from the Greens but not Xenophon or Fielding. Therefore the tax is going nowhere but lobbying should continue.

2. In all likelikood, the North East quadrant of Ballarat will be profitable for the scale of mining that CGT has in mind.

3. By the time mining actually recommences at Ballarat, the AUD won't be where it is now. It will most likely be lower in relation to most major currencies with the possible exception of the euro.

4. Price of gold in USD will trend up as debts are monetarised.

5. Underground workings within 200m of some upcoming targets. So timeframe is more like an oiler with a rig than any similar goldie with a rig.

6. Good institutional interest, probably as a hedge against currency debasement.

7. Cheapest most leveraged near production gold prospect in Australia.

what do scec traders think. Nothing so far it seems.