With inflation on the run (prior to the conflict over 5% but...

With inflation on the run (prior to the conflict over 5% but getting a huge push from energy price development now) people slowly begin to realize that their cash at the bank with negative interest rates is evaporating quickly. A friend of mine bought a gold coin yesterday and reported plenty people buying physical gold. It was not a question if that would happen but when it would happen.
With regards to RRL the Tropicana acquisition becomes more and more profitable, as gop is up by arount AUD 400 (almost 20%) now and with the production cost leverage NPV will be up by almost 40%.
All in all it looks more and more solidly like good times ahead.
However it is quite obvious now, that it would have been much better to straighten out the hedge problem much quicker. 270.000 oz x 400 AUD = AUD 108 million. On the other hand it is easy to judge with hindsight and on an additional note RRL is producing more than 420 koz per annum x 400 AUD = 168 million additional profit from gop-development since spring 2021 (somewhat offset by production price increases and hedging of course).