Short Term Trading - Weekend Lounge:13 -15 Apr, page-90

Grabbed some RMS of late, 75 million cash, no debt and forecasting production of plus 60000 ounces this quarter at AISC of $1021 so minus some exploration costs it should see them grow their cash pile quite nicely. Market Cap is 282 million and currently producing at plus 200000 ounces pa. Biggest black mark against them is having only 4 years of reserves but it is company policy to replenish reserves as they go rather then spend a motza stockpiling out into the future. They currently have 3 million ounces of resources and also the MD has forecast a potentially large increase for the Edna May reserve ore position by mid year. They have recently had some terrific drill hits there.

Chart is testing the long term downtrend line.