re: Ann: Resignation of Managing Director / A... Just to add a...

re: Ann: Resignation of Managing Director / A... Just to add a little to the Bell Potter research.

They also did a table for the Gold stocks they cover, with the AUD/USD at $1.00 and Gold at AUD$ 1500oz and showed that all Australian producers are undervalued compared to that Gold Price and Aussie dollar, so they are saying that the gold producers they cover, have not increased in price enough to cover what should be the longer term price of Gold, not taking into consideration the current spike up.

They have had a short term target of US$ 2000oz for a while now & US$ 1500oz longer term target.

cheers