So Jesimore you were correct. But But But. Mark Bennett...

So Jesimore you were correct. But But But. Mark Bennett qualified this forcast by stating "At current prices." Well, gold prices in April 08 were USD$900-$1000oz and the Aus dollar was 85-90c to US dollar. Thus quick calcs suggest the forecast on current gold price and value of aus dollar would be more like 200,000oz @ $300 = $60mil.


Well since you specifically refered to my comments I'll keep it brief.

What you don't seem to grasp is while YES YES YES the Gold price has fallen SO HAS the oz dollar.

So by your above calc of US$900 and aus dollar 85-90 the price in A$ = 900 * 1.17 A$1053

When I posted the Gold price was $730 (yes massive fall) BUT the oz dollar was @ 64 cents

So at todays (repressed prices) = 730 * 1.56 = A$1140
in which case we will make even more massive profits... that is 1140-500 still above $600, so am not sure why or how you came up with $300 only.

Also remeber that we have a bit hedged at above $1100.

Incidentally I bought a 4th lot on friday for 27 cents which now completes my 4 stage purchase of any stock

Regards