good money can be made in w africa

I've mentioned before that SBL has Redback as a neighbour, and they have just released their qtrly profit report.

Here's part:

Highlights for the Third Quarter

- Net income of $35.1 million (year-to-date: $85.1 million)

- Total gold production of 80,247 oz (year-to-date: 230,892 oz)

- Average realized gold price of $977 per oz (year-to-date: $939 per oz).

- Cash operating costs of $414 per oz (year-to-date: $393 per oz).

Note the C$500/oz net margin.

It has just hit C$15/sh and the chart is beautiful! Officially a 10 bagger for me now. Worth reading further @ www.redbackmining.com

If they don't have a price chart there you can find it on CNN as RBIF.F, It's "over the counter" in New York.