its happening, page-6

But why is it happening?

It seems to have started when the results were published on the 9th. A couple of highly that must be pushing the SP up are:

# December's cash cost, after silver credits were down to US$150 per ounce. Higher silver prices since December, +22%, which must mean that the cost per ounce must be close to zero, I.e. a margin in line with the current gold selling price US$1,430 per ounce.

# December's production was 3,500 ounces of gold, which is an annualized production of 42,000 ounces.

# based on my simple calculation I feel the EPS will be $0.19, without any inclusion of;

# the Sardinian project, a personal favorite,recoverability, likely process, routes and preliminary commercial opportunity of the project. 'should come to hand in the ensuing quarter'. So we might even hear something this week. In earlier announcements there was suggestions that the project might even be floated off separately.

Interesting times. TFP