why gold is heading much much higher, page-2

LGL hit $4.45 in October 2007. That was when gold was under US$800 and lower in AUD.

With gold currently around US$1175 and LGL closing yesterday at $3.75, an approximate 50% rise in the US dollar price of gold has been met with an 18.67% decline in the LGL share price.

Noone is interested to invest in a producing gold miner to see a 50% rise in gold met with an 18.67% decline in the share price.

The issue is at what point will LGL (or as part of a merged NCM) start to provide the leverage to a rising gold price, as has traditionally been the case, and is the reason for investing in gold equities.