Ann: Quarterly Activities Report , page-5

Yeah EZ, it's the hedge book. This stock looks like Semafo in 2007 before it ran from $1-2 to over $10 several yrs later. Despite the high strip, hedging and exploration, cash balance still grew $11m over the quarter. More patience needed but as FeralMuttley said, time to shine... new management doing well and lots of cash minimal debt. Gora is ~5 g/t and moving from exploration to development project in the "near future"


Rowingboat