Hi Glorieux,, new to CMM and Agoracom.

The price of gold is the only risk short term IMO as the bad news is out already. If they fail to meet their targets for this quarter and have more start up delays than we are in big trouble however, I believe we are in the best position we have ever been right now and the upside is tremendous.

I agree with the risks being the AU price short term. I am reading and hearing that the $1250 mark might be where the correction finishes and finds support for the next leg up. So,, based on that I think your $ 1350/oz is a $100 US per oz high. So with guidance met for 2011 ( fingers and toes crossed)104,000 oz x 1250/oz/442M shares O/s X PE of 12 = $ 1.98 per share. I am not sure if the $ 550/oz takes into consideration the Au Hedge to Deutcshe Bank but if it does then a conservative SP price should be in the order of $ 2 by 2011 YE.

Thanks!