based on Dec qtr PLA revenue $8.9mil (6259oz) Production cost...

based on Dec qtr PLA revenue $8.9mil (6259oz) Production cost $9.4mil.

Net Op cash flow neagtive $2.7mil

From my reckoning if they deliver 9500oz then it shouldn't impact the cash position. However has any cash been spent on rectifying some of the performance issues is an unknown at this stage.

Chart wise (early days yet) but we could end up with a bullish tweezer bottom by days end.

Targets? Again anyones guess but to me the low 8s is certainly on the cards in the next couple of days. Why? PLA bounced off lows 8s early Jan to a high of 11 before retesting 8.3 region, then bouncing to a lower high 10.5 (all the same month) Mid Feb PLA finally broke down through 0.08.

Those with a positive disposition gap at 0.165 (Nov 2011) is a biggie.

My projection (imho) 3mth high $0.11 3mth low $0.057; If 0.11 is a mid point pivot reference and 3mth low is 0.057 then imo the gap at 0.165 has a good chance of being closed sometime this year.

So long as PLA continues with the improvement and DJIA stays strong.