breakout chart, page-40

Something looks like is moving Westgold given that while most of the mid-tier miners are languishing at the lower end of the 52 week range, it is standing out bursting towards it's all-time highs. I have not followed closely any developments the last 6 weeks but I have not seen much updates from them, as is the characteristic of this company. They play their cards quite close to their chest.

The December quarterly should be interesting to see how much ramping up we see of the Big Bell mine now that they have been further increasing their mining volume. I am interested in seeing if they are able to pour more gold and exceed their second quarter target. The current cash balance is indeed quite solid and they are in a good position to either merge with another mid-tier (I still think it would be sensible for them to merge with Silver Lake Resources or Dacian Gold due to their shared mine properties, facilities and also experience from the board directors) to benefit from the economies of scale.

But a good end to the year it seems for the company, much needed for the shareholders who have seen this company through more thin than thick!

Cheers,
Brian