Ann: Short term gold price protection , page-20

Loki

I am struggling to work out how negative you are about the company
And I am not

You hold and I don't
I am very happy to buy at 35 cents
In fact I think it's a gift
But I can wait until the selling stops

$106 million in cash
And you expect a CR next year
WOW
Why bother even looking at a company with a forecast like that

I would hope if needed say if cash drops below $50 million
Then the operations will change
They could produce 200000 oz at under $1200 all in costs

I feel management is still thinking the POG will rebound in a within a year
And they want to be able to get 400000 oz when it happens

It isn't too much to expect if the US economy took off
The POG would drop to $850
And the Aussie would be under 60 cents
In that scenario SBM will be back to $2

Many things can happen but no rush to buy anything ATM