Hi Moorookamick,All good points. My only point, or rather, my...

Hi Moorookamick,

All good points. My only point, or rather, my opinion is ... no end in sight to QE programs and close-to-zero interest rates will have more effect on price action than the company balance sheet. We've seen this since Greenspan.

Unfortunately KRM has not enjoyed the run that other gold companies have (even non-producers that lose money hand over fist, so EPS explanation doesn't really apply here). This is a shame as it may be that QE3 is pretty much priced in now.

Cheers mate, and thanks for the analysis which is of much use and interest.

Good luck to all. Should be interesting to see what the Fed announce and the market reaction to it. Hope it's positive for gold.