rsg looks primed for a good 2011

Looks primed for a good run in 2011.

- Equity raising has eradicated hedge liability
- 380k oz of gold expected in 2011 (may surprise on the upside)
- Low valuation comaparative to other > 200koz/pa producers
- Good takeovr target for majors looking to consolidate in a bull market for gold, especially given it's portfolio of assets in Africa.


Options might be worth a look also. They trade under code RSGO. Currently no time premium attached. You can verify that here:

http://www.tradingtoday.com/black-scholes?callorput=c&strike=0.6&stock=1.385&time=358&volatility=16.86&interest=4.75

Bit concerned about liquidity risk though. Can pick some up at 79 cents currently. A good buy if you can get them below intrinsic value.

Might pick some up if there is any price weakness in the comind days/weeks.