SBL

How does the Aussie market value a gold producer -for what it is going to produce, starting this week, and what it is going to earn? I have no information about hedging but from what I have read (not from SBL) it is nil. Correct?

So while gold is at >USD$1500 and AUD is at $1.05, it should be profitable. But I don't know what is the cost of producing it. Can't get data on it but one broker estimated it as USD$550 -650 per oz.

So why did the price go up and then down? I have no idea but I bought a bit more at 2c.0c a share today. It is now 1.9c. In a year's time, you will know whether I was an idiot to buy in a down market.