chart shaping up, page-6

well, since we are all guessing.. i would suggest a decent december.

off memory the company produced 4,300oz of refined gold for the three months to sept of which 2,100oz were in sept.

if we just take sept and extrapolate it, being the best indicator of the three month period - we get just over 6,000oz of gold for 3 months to december. to be conservative, at $1,200 per ounce we should be expecting around $7.2m in income.

if cash costs remain at the unpleasent $900/oz mark, it is still $1.8m roughly contributing to all the liabilities.

to june, on an operating cashflow basis, they are improving and should be turning positive soon, if not already.

at the end of the day, they have a precious metal which you can find on ebay for 20-30% above spot, and have to wait a week or two for at the perth mint.

but more importantly, i think management are aware that they now have no other option but to produce gold. they can't tap shareholders for more money because we have indicated in the last cap raising that "enough is enough", the banks won't lend and brokers have been burnt with previous raisings, and they certainty won't risk having history repeat itself.

its make or break for the company, and red or black for us shareholders. haha.