All well and good, but the game we have really been playing (up until August anyway) has been Aust mid tier gold producers enjoying both a favourable USD exchange rate and a high gold price. This translates into higher profits, ore bodie increases and a higher share price. Fiscal stimulus is an enjoyable boost for us also.
What happens as the exchange rate gets worse i.e. the AUD strengthens against the USD? What would parity look like for the mid tiers?
I would prefer a weakening Aussie $ going into 2021.
SLR Price at posting:
$1.79 Sentiment: Buy Disclosure: Held
