Ann: December 2013 Half Year Financial Report , page-20

I agree, the shocking report was known/expected, I had 20k at a high 20 buy in price and bought 150k Wednesday all at 38c, gold price currently down so most goldies will open weaker Thursday morning but SBM may be different as it was oversold today IMO. Golden Ridge and Simberi are both open pit mines with low grades, they neee volumes and spend is higher initially and this should come down. My point is it doesnt really matter what the short term gold price is, if these guys want SBM to be $2 again they have to get costs down. Ps dont forget the ongoing interest committments on the debt in any envelope calcs, and never forget Mirabella. Upside is there, its a good punt imo, but key is costs