guys,I thought at $3.1 was cheap.?. But look again at the...

guys,
I thought at $3.1 was cheap.?. But look again at the production forecast for 2010 is not good...

2009 - produced 1.124M oz at $397/oz

2010 - will produce a bit less, between 0.96M to 1.06M Oz with higher cash cost $450/oz

So unless spot gold go up significantly in 2010, or the company can cut production cost... then profit will be 20% to 30% less in 2010...

The SP will be re-rated by the market by the same amount.. I guess that is where the figure of $2.50 has been quoted... Seeing all these 2010 figures... I cut the loss and got out at $2.92..I may get back in when the price is right.. good luck...