re: to be hit by double whammy/sb2000 Well long term i do see gold back above $450 Us oz perhaps 2-3 years. OXR once production is up and running and they are profitable and no more capital raisings are needed perhaps $1.60 a share (but i expect sub $1.10 for another 12 months) - depends on their ability to repay their debts and where they set their divvy payouts.
I have previoulsy stated that the US$ gold price and US$ currency are tracking each other up and down and sideways in similar % movements - ie when the AUS$ went up to 80c the gold price went to $430 - now when the AUS$ slipped back to 68c gold was at $380 - now the AUS$ is back up around 70-71c range gold spiked back to $390 - this could probably be mirrored against other major currencies ie US$/Yen and US$/euro.
OXR
oxiana limited
