I agree, it is a little difficult to tell from the quarterlies, but I do think it will be reasonable and probaly better than it appears from when I first read the quaryerly reports, however you still need to take into account the high Austraian dollar and the base metal prices for which this company have no control over, fortunatly their silver hedges will disappear at the end of 2012 and production at Broken Hill will increase in 2013, at this point of time I have no problem with their management, my opinion only DYOR.
PEM Price at posting:
30.5¢ Sentiment: ST Buy Disclosure: Held