charts going nuts!, page-8

Yes, the stock fundamentally looks very strong.

The following points from a recent investor presentation of 16/08/2010 such as

1. Record production of 60,000 oz in 2009/10

2. Record of 24,133 oz gold milled in June Qtr 2010

3. Total Cash Costs of A$482 per oz (incl. Royalties)

4. Potential production of 100,000 oz p.a. for +5 years

5. A$62min cash and gold with no debt ~A$15mln in Capital Return of 5 cps to shareholders

6. Resources and reserves are in total of almost 4mln oz Au

speak for themselves.

Taking into an account share price of $0.535 and ~291mln shares released the stock capitalisation is ~$150mln what is relatively cheap for a company potentially able to generate $80mln per year with 100,000 oz p.a. production at cash cost below A$500.

Technically the stock for the past 2 weeks looks very strong too in spite of a negative sentiment on the market.

irynka