Ann: Half Year Accounts, page-19

Yes but their price forecast is still above the current price which says buy.

and the A$ gold price is currently at $1,833 and likely to remain sticky above $1,800 for a long time which says who cares what happened to gold in the US last night, buy the dip IMO.

Everything about this stock is saying accumulate for the future while there is still a little uncertainty about it around IMO.

The reality is it might take them a few quarters to totally fine tune the mine but it is no BLK. You've got mill recoveries up around the 93% - 94% level, production increasing and we've likely seen peak debt. You've got f*&$ all shares on issue and to boot look at that 37g/t ore heading they showed at Beresford South in their last presentation. We have been told that Westralia is operating in line with feasibilty levels and having that Beresford 37g/t picture on the same page as this reassuring statement hints to shareholders that grades at Westralia should be up over the coming quarters.

All the thrusting of the share price up and down is about accumulation in my opinion. That's what I'm doing in anycase on days like these when the market makes no sense. You can either believe the dark forces of the market action to read the story from or what the comany is telling you, your choice. Esh

Eshmun