Ann: Dec 2008 Quarterly Activities Report , page-2

Well, despite being crushed today... I would expect???

These guys continue to do a "Best-in-class" job running the business.

Production up 22%
Recovered Grades Up
Costs down 9% (US3.44 p/lb)
Hedging 30%-40% 08/09
Hedging 20%-30% 09/10
Hedge Book $74M in money
Cash $70M
Debt $5M (leases on equipment)

M'Cap $173M, 194M Shares
Cash And Hedging at 74c p/share
NTA 65c p/share
18,000t 08/09 Production Forecast

Staying ahead of the curb by getting writedowns done and dusted and expecting further cash cost reductions over the next 12months as other initiatives kick in.

You're mad if you sell your stock at these prices... or perhaps mad not to pick up a couple at the low today...

In my humble opinion anyway!