Ann: Dividend/Distribution - LYL, page-10

I agree MarsC. I would think even if gold prices stay around the current level the amount of Capex and activity (resulting in engineering work) will increase. If you look at the amount of work that is popping up in Australia (WA) - read the latest GNG announcements - it should be a good earning environment for LYL over the next 5 years. If gold does pop to $5,000 I suspect you would get the equivalent to an old fashioned gold rush where the capacity of all suppliers (Hatch included) would be tested resulting in far greater pricing power to extract higher margins than the last few years. Im not saying that will happen but it could and my point is that the market seems to pricing that somewhat into gold miners prices but not at all into LYL's share price.