Gizzmo,

$1000 gold did not move the price of ARU up that much because we are not a producer. In the short term many investors in their minds were continuing to beleave that the price of gold would correct at any moment and they could get in when it did.

Since we are not a producer but an exploration company, the short term fluctations in the price of gold should have no real effect on the share price of ARU. By the time investors started to realize that the sharp upturn in gold price that started in this quarter was legit. Then they started to think to themselves they will wait for the correction because such factors such as gold seasonality, end of quarter and year end fund repositioning etc were almost upon us.

This explains why ARU share price had a better run up on the subsequent gold rally even though we are still $90 dollars aprox off the high set in the initial rally.

All those funds who have gone to cash and were sitting on the side lines will not get caught sleeping a second time. The start of the secound quarter should be very interesting and profitable in the commodities and related stocks.

That of course includes ARU.

Regards,

F.F.