A significant disconnect has occurred between the SP of gold...

A significant disconnect has occurred between the SP of gold stocks and $A POG in the last month. A sample of producers show SP falls from the peak in second week of April of about:

EVN - fall of 23%
NST - 24% fall
NCM - 12% fall
GOR 27% fall
SBM - 27% fall
ALK - 27% fall
CAI - 24% fall
BGL - 20% fall
DEG - 25% fall

TIE is no different.

Since 10 April POG $A has been quite stable between $A2,620 and $A2,660 (currently about $A2,670) except for one day when it went to $A2,690 and another when it went just below $A2,620.

Despite profit margins of gold producers being stable SP prices of producers have fallen by about a quarter.

Before this fall some commentators considered SP of gold producers were cheap so are they now very cheap?

SP of producers seems to be reflecting $US fall in POG and negative sentiment of share markets.

Will end up being a good entry point for buying gold producers/developers or are we going to see further falls?