making new highs, page-43

Marmaduke - I agree with Gotta - a well written article.

I find it difficult to make any real assessment on the sustainability of the recent price rises until the next report is out.

I'm trying to build my own forecasting model with the monthly and other information released, but for mine there are a few too many unknowns at the moment.

Two main risks for me - They still do not know if they are cashflow positive....their suggestion that it will happen in early 2014. Also the ramp up of the PowerEagle volumes for mine needs to be backed up by PowerEagles ability to sell the increased volume.

I suspect that the current price is getting close to supporting reasonably robust 2014 earnings levels....but it's whether the market starts pricing in 2015 earnings as well.....that could lead to further price appreciation.

I need to see the report!

sents.