From the December 2005 Presentation:“CY 06 targets Stawell Gold...

From the December 2005 Presentation:
“CY 06 targets Stawell Gold Mine: 130,000oz gold production @ < $380/oz cash costs”

I presume CY06 refers to the Calendar year 2006 – if this is the case and the company statement of Dec 2005 still stands – then the market has over reacted.
I haven’t a long history of following LVR, so cannot say how reliable their predictions are.

To Quote from the report released today:
“Ore mined of 189,132 tonnes was the highest quarterly rate for the year. The grade of ore
treated was below previous quarters as mining occurred from lower grade stopes. The grade of
ore treated for the year was in line with forecast”.

This indicates to me they standby the December 05 Forecast.
Only time will tell.

I think it is reasonable to suggest from a technical point of view – the share price needed to take a rest and consolidate. Maybe at 100 or 110 they are a good buy.

But don’t take my word on it – I’m taking a calculated guess, like most everyone else.