Makes me wonder how many people sell because they see the spot price and don’t look at the dollar. Gold is Nearly A$1750 per ounce, it’s actually risen recently. given production costs are expected to be sub A$1100 on 100,000 oz pa, the stock is far from expensive. Even NST must be wondering.
I see Morgan’s reckons sell the Aussie dollar, so gold price should remain healthy in A$ terms.
