"Mark Calderwood, whose Perth-headquartered Perseus Mining poured first gold from its Central Ashanti mine in Ghana yesterday, said he "never dreamt we'd produce first gold at $US1900/oz". He suggested bullion could go as high as $US2500/oz over the next year."
The full article, "Perth Mint bid to keep pace with gold price surge" is at http://au.news.yahoo.com/thewest/business/a/-/wa/10098617/perth-mint-bid-to-keep-pace-with-gold-price-surge/
My comments:
Now that's good to hear. A Managing Director who is bullish about gold's future price.
Factor US$2,500 into successful PRU gold production and that means PRU are worth dollars more than current prices imo.
That's also sending a clear message to anyone doing their sums on PRU - don't even bother wasting our time with a "standard" 33% premium to market bid.
mark calderwood tips us$2500 gold next year ..
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