::::::::::::::::: OXUS GOLD 2005 :::::::::::::::::

From Chips post earlier in case you missed it >>> Charles Kernot of Seymour Pierce is positive about Oxus, in spite of the food poisoning served up to him at Amantaytau last year. “There’s sufficient value to justify the current share price, even without Jerooy”, he says, although on whether the company will Jerooy back or not he simply says: “As far as I’m concerned the jury’s out.” So his current forecasts of sales of US$23million and profits of US$9.5million for the year to June 2006 include a limited contribution from Jerooy that may not, in fact, be delivered. But Oxus finance director Johnny Kipps says: “I don’t think anybody will misunderstand if we don’t hit our production target at Jerooy”. Mr Kernot is inclined to agree, bearing in mind that those forecasts go back to September and used a much lower assumption for gold. Now that Oxus is unhedged it can fully take advantage of gold’s strength. “We sold earlier this week at $534”, says Mr Kipps. “That’s $211 above what we were getting when we were hedged. It’s wonderful.”