What is happening here?, page-215

lets not forget the comment Mel made re this quarter "grades are similar"....so with commodity prices up 15%; should be a no brainer but obviously needs confirm.

fair to say i am more bullish than most here but that is largely due to the fact that I ignore the last 1 year movement of the SP and write it down as "an anomoloy". going from 5c-25c in a once in 100 year event is meaningless to the calculations. you can only base the current prive on intrinsic valuations ie cash generation per quarter of around $20m as a baseline minimum and value from there......

im very excited for the next 2-3 weeks and ahould either prove me right or wrong....

(pass me my tin foil hat now!!!)