Ann: Corporate Presentation RIU Resources Round-up Conference-AUC.AX, page-2

Presentation sounds good... just as Goldman Sachs and JP Morgan revised their outlooks on gold too:

"Goldman Sachs raised its gold price forecasts for the coming months, citing stronger net speculative positioning and a weaker U.S. dollar."

Gold prices are surging this year, and that has one of Wall Street's largest banks flocking to the yellow metal. "We're recommending our clients to position for a new and very long bull market for gold," JPMorgan Private Bank's Solita Marcelli said Tuesday on CNBC's "Futures Now." After seeing three back-to-back years of losses, the precious metal has rallied 20 percent in 2016. And that's just the start of the next leg higher, according to Marcelli. "[We think] $1,400 is very much in the cards this year."