It is a once-in-a-generational change in the ownership in the Australian gold space at the moment. Will it be around in 12 to 18 months? I’m not quite sure it will be,” Beament said. “While gold is, at the moment, counter-cyclical then you’d be mad not to keep looking.
“We could easily do a deal on our balance sheet of up to a couple of hundred million dollars now if there was something that warranted that,” Managing Director Bill Beament said today in a phone interview from Perth.
It sees gold as trading between A$1,350 to A$1,450 an ounce over the next 12 months, Beament said.
