ROS 0.00% 35.0¢ red october resources limited

road ahead for ros, page-13

  1. 14,882 Posts.
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    nani,
    I'm not bagging ROS at all. I own ROS. Always best to look for the negatives IMO.
    ROS will not be seen by the market as a hedge against the collapse of the US dollar if it is not a producer of gold.
    One thing people forget is that if gold goes to $2,000/oz, there is a very high chance the Aussie dollar will be US$1.30+ (being a commodity based currency), so Australian gold producers will only be banking circa $1,500/oz.
 
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