Jan, neither you nor Bruce get it.It will mine the stuff in...

Jan, neither you nor Bruce get it.

It will mine the stuff in Mexico, paying its expenses in either pesos or $US. It will sell the stuff for $US. The net profit will be distributed back to shareholders, being converted into $A.

If anything matters, it's the $US/$A exchange rate.

Now, if you were mining the stuff in Australia (therefore paying expenses in Australia), then the $A price of gold/silver is highly relevant.

So, get it right: it's the exchange rate, not the $A pos that matters.