Northern Star takeover bid for Echo Resources, page-6

Gold's entering a bull market, likely to go over $2000 USD, maybe much higher, and ageing gold mines are running out of reserves. There's a definite need for exploration and new discoveries. Gold mines having a approximate AISC with a variable percentage higher or lower of let's say 5% means that for every increase in the gold price it's a significant uplift in net profit.

With the iron ore price dropping there's a lot less tax flowing into the governments budget and the rest of the economy is not encouraging. Therefore, likely a further decrease in the AUD, inputs may slightly increase due to this, but it's offset by getting a higher price for gold.

Gold companies SHOULD do well over the next 3-5 years...

https://www.abc.net.au/news/2019-04-30/production-from-australian-gold-miners-tipped-to-fall/11056240