Gold just crossed $1500 and looks strong and that is a key to CRK. Their margins with their high production cost are increasing more than the low cost guys and our ROI should be better than the low cost producers who already have high margins priced in. This is accumulation time IMO. Sure there is downside risk with this one but I would think the bottom is pretty much where we are and that we should do well over the next 12 months+ if gold stays anywhere near here.

Glorieux