ready to pop??, page-20

The fact is yes the gold price is $1000 US but that only means so much for MUN when the Aussie is trading at $0.865. Right now MUN is getting about $1165 AU per ounce but around 6 months ago they were getting $1390 AU per ounce. That is $225 per ounce lower which translates into a profit difference of $7425000 based on 33,000 ounces for the year. So just remenber that even though gold is $1000 US at the moment it is actually not to far from a 12 month low in AUD. In saying that I still think that MUN is one of the most undervalued gold stock on the ASX and I have researched alot of the top gold stocks. For me every time it goes down I just say thank you and grab some more because we all know at some stage in the next 6-12 months it is going to take off and there will be no more cheapies to get our hands on!