200 day moving average smashe, page-3

raced past $1.90. but still a way long short of last years high. nice presentation - but then again, all presentations tend to be nice - but the company needs to deliver. the company hopes that costs will fall - but it begs the question, why are they so high in the first place - given that the costs at ravenswood are a lot higher than was forecast. having said that, the purchase of the mt wright operations, could still end up being a bargain buy, if the costs do fall, and production is ramped up

it is a bit hard to get past a 10m oz resource base - that is an attraction, and the company is going to spend $10m on exploration this year (i think that was american dollars)