chart, page-33

The problem Chuk is not with SLR, its with the gold price.

One really needs to take a view on where thats going to fall to.

Ultimately, if the Eurozone falls apart and sovreign defaults allowed to occur- and we get deflation- gold could fall to who knows what level and gold miners- particularly the high cost producers will be killed.

The reason the gold price reached the elevated levels it did is because of the money printing by the USA; and it was assumed Europe would do the same; but it hasn't and doesn't want to, so now the gold price is plummeting.

Unfortunately I'd been waiting for a re-entry into SLR and got back in at $3.57 after the fall following the great Haoma Drilling Results announcement. I would never have dreamed it would continue falling. Now I'm not sure what to do............