The US dollar going down against most currencies is reflected in the price of gold and is one of the main drivers of higher gold prices. So on one hand, we are making better margins on our gold sales but our costs there are probably similar except for fuel which is higher world wide.

The next financials will not be pretty and I think that is already reflected in our share price but could be a buying op if they are worse. As the year progresses, I expect better results on the operations side and together with the higher PoG, I expect our share price to be better by year's end, some 50% or more IMO.

Glorieux