GPR Increase Resource Of Proven and Probable Buy Now!

GREAT PANTHER SILVER LIMITED

(Toronto: GPR.TO )

Last Trade:	2.44
Trade Time:	1:09PM EST
Change:	0.01 (0.41%)
Prev Close:	2.45
Open:	2.48
Bid:	2.43
Ask:	2.44
1y Target Est:	N/A

Day's Range:	2.36 - 2.49
52wk Range:	0.67 - 2.90
Volume:	654,040
Avg Vol (3m):	1,068,660
Market Cap:	282.07M
P/E (ttm):	51.91
EPS (ttm):	0.05
Div & Yield:	N/A (N/A)

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Great Panther's Guanajuato at 5.45 million oz AgEq M+I

2010-12-15 18:04 ET - News Release

Mr. Robert Archer reports

GREAT PANTHER UPDATES MINERAL RESOURCE/RESERVE ESTIMATES AT THE GUANAJUATO MINE

Scott Wilson Roscoe Postle Associates of Vancouver, B.C., has completed an NI 43-101-compliant mineral resource/reserve estimate on the Cata Clavo, Los Pozos and Santa Margarita zones at Great Panther Silver Ltd.'s wholly owned Guanajuato mine in Guanajuato, Mexico. The new measured and indicated mineral resource contains 5.45 million ounces silver equivalent. Inferred mineral resources are estimated at 2,678,000 ounces silver equivalent. The measured and indicated mineral resources include 4,372,000 Ag eq ounces categorized as proven and probable mineral reserves, using a cut-off grade of 185 grams per tonne silver equivalent. This is the first time that NI 43-101-compliant reserves have been estimated for the Guanajuato mine and is a positive step in confirming the long-term viability of this historical operation.

The new resource base represents a 53-per-cent increase over the previous resource estimate (for just the Cata Clavo; see Stockwatch news release of June 30, 2009), even after deducting the production from that zone over the last year and a half. This demonstrates the company's ability not only to replace what is being mined, but to increase the resource base and extend the mine life with additional drilling. There were no compliant resources at Guanajuato when Great Panther purchased the property in 2005, and most of the more-than-4.5-million-silver-equivalent ounces that the company has mined from Guanajuato since 2006 have come from non-compliant resources.

Mining of the three zones, Cata, Los Pozos and Santa Margarita, currently accounts for most of the Guanajuato metal production. Resource drilling is continuing to delineate new resources and reserves on the upper and depth extensions of Los Pozos and the southeast strike extension of Santa Margarita but also includes Guanajuatito, Valenciana, San Telesforo and the depth extensions of the Rayas Clavo, none of which are included in this resource estimation but which will be included in the 2011 update. In addition, drilling of the very promising San Ignacio project will continue through 2011 and will make a significant contribution to future resources for the Guanajuato mine. As such, the resource base will continue to build at Guanajuato, and it is the company's stated objective to delineate approximately 25 million to 30 million Ag eq ounces here by 2012.

For the year 2010, production from Guanajuato is estimated to be 1.02 million Ag ounces and 6,720 Au ounces (1.44 million Ag eq ounces). The resource and reserve estimates, together with the significant potential of the continuing drilling programs, positively support the achievement of the growth strategy objectives for Guanajuato.

Silver equivalent values were applied to computer-generated block models to define the mineral resource. The mineral reserve cut-off value of 185 grams per tonne (6.0 ounces per ton) silver equivalent is the metal content contained in one tonne of ore for which the net revenue (net of smelter and refining costs) is equal to the average full operating costs to mine and process one tonne of ore. Scott Wilson RPA used medium-term projected metal prices of $17.67 (U.S.) per ounce Ag and $1,150 (U.S.) per ounce Au (relative price ratio of 65 gold to 1 silver), 2010 concentrate sales contract terms, and typical plant performance metal recoveries and concentrate grades to calculate the net value. Total operating costs at Guanajuato, including mining, milling, and general and administration costs, are currently $85 (U.S.)/tonne. Experience gained from mining the veins by the cut-and-fill mining method and the upward trend in metal prices determined that the appropriate cut-off value for defining mineral resources at Guanajuato to be set at 136 g/t (4.3 ounces/t) silver equivalent. The use of a lower cut-off for resources reflects the less stringent guidelines for resources versus reserves.

Based upon these limits, the measured and indicated mineral resource contains 5.45 million Ag eq ounces, including 2,495,000 Ag eq ounces in the measured category and 2,956,000 Ag eq ounces in the indicated category. Inferred resources are estimated at 2,678,000 Ag eq ounces of the measured and indicated mineral resource, and 4,372,000 Ag eq ounces are classified as proven and probable mineral reserve, using a cut-off of 185 g/t silver equivalent. The proven mineral reserve is estimated at 1,935,000 Ag eq ounces, while the probable mineral reserve is estimated at 2,438,000 Ag eq ounces. Breakdowns for silver and gold can be found in the attached tables.

The mineral resource estimate for Guanajuato was prepared using block models constrained by 3-D wire frames of the principal mineralized zones. Separate block models, comprising arrays of 2.5-by-2.5-by-2.5-metre blocks, were constructed for each of the Cata, Los Pozos and Santa Margarita zones. Grades for gold and silver were interpolated into the blocks using inverse distance cubed weighting. Block model graphics, maps, sections and previous news releases can be viewed on the company's website. The samples consisted of diamond drill and production chip samples. Scott Wilson RPA capped high gold and silver grades at a range of levels depending on the zone and the type of sample (drill hole or chip). The estimates were classified according to the Canadian Institute of Mining, Metallurgy and Petroleum definition standards on mineral resources and mineral reserves and, as such, are consistent with the requirements of NI 43-101. The estimate was prepared using GEMS software, which is a commercially available package, commonly used in the industry.

The Cata Clavo is separated into four zones, namely the Veta Madre, Alto 1, Alto 1a and Alto 2. The upper limit of the main Veta Madre zone is set at the floor of the 460-metre level as it has been extensively mined out above this level. Mining of the three higher-grade Alto zones is under way, using a modified mining plan. The mineralized zones used in the resource represent an approximate 100-metre vertical height and a strike length of approximately 150 metres. Los Pozos zone is a downward-tapering zone of 30- to 90-metre strike length and widths to 12 metres. The mineral resource estimate is from the 390 level up to the bottom of the 270-level sill pillar. The Santa Margarita is separated into four zones, namely the HW stockwork, breccia, FW A and FW B. The mineral resource estimate was calculated from below the floor of the 390 level to the 600 level along a strike length of more than 200 metres.

The Veta Madre (at Cata and Los Pozos areas) and the Cata Alto 1 zone are complex quartz-dominated stockwork and breccia zones of pyrite and argentite mineralization with argillic and propylitic alteration in the footwall shale. Footwall to the Veta Madre is a barren silica breccia with large angular shale fragments. The Alto 1a and Alto 2 zones are silica-rich brecciated zones within a hangingwall diorite dike. The Santa Margarita zones in the Rayas area are silica-rich brecciated hangingwall conglomerates, andesite and La Sirena quartz porphyry intrusive. All zones strike generally northwest-southeast and dip 45 degrees southwest.

Measured, indicated and inferred mineral resources in the three areas were estimated by Dave Rennie, PEng, a principal geologist for Scott Wilson RPA, and the proven and probable mineral reserves were estimated by R. Dennis Bergen, PEng, associate principal mining engineer for Scott Wilson RPA. Both are independent of Great Panther as per the criteria set out in NI 43-101. The mineral reserves and mineral resources estimates are tabulated in the attached tables.

                OCT. 31, 2010, PROVEN MINERAL RESERVES                               Tonnage      Au      Au   Ag         Ag      Ag Eq Zone                              Kt     g/t      oz  g/t         oz         oz  Cata -- Madre                   44.0    1.28   1,800  344    486,000    603,000 Cata -- Alto 1                  30.5    2.21   2,170  296    290,000    431,000 Pozos                           65.4    1.29   2,720  309    650,000    827,000 Santa Margarita BX               7.3    4.47   1,050   21      5,000     73,000 Total proven                   147.0    1.64   7,740  303  1,431,000  1,935,000 

               OCT. 31, 2010, PROBABLE MINERAL RESERVES  Zone                         Tonnage     Au      Au   Ag         Ag      Ag Eq                                   Kt    g/t      oz  g/t         oz         oz  Cata -- Madre                    2.1   0.91      60  187     13,000     17,000 Cata -- Alto 1                  21.6   1.02     710  225    156,000    202,000 Cata -- Alto 1a                 21.6   2.49   1,730  605    420,000    533,000 Cata -- Alto 2                  12.3   2.33     920  721    285,000    345,000 Pozos                           68.6   1.03   2,280  262    577,000    725,000 Santa Margarita BX              30.4   6.69   6,540   15     15,000    441,000 Santa Margarita FWSTK           16.6   4.80   2,560   19     10,000    177,000 Total probable                 173.2   2.66  14,790  265  1,475,000  2,438,000 Total proven and probable      320.2   2.19  22,530  282  2,906,000  4,372,000 

         OCT. 31, 2010, PROVEN AND PROBABLE MINERAL RESERVES  Zone                         Tonnage      Au      Au   Ag         Ag      Ag Eq                                   Kt     g/t      oz  g/t         oz         oz  Cata -- Madre                   46.1    1.25   1,860  337    499,000    620,000 Cata -- Alto 1                  52.1    1.72   2,880  266    446,000    633,000 Cata -- Alto 1a                 21.6    2.49   1,730  605    420,000    533,000 Cata -- Alto 2                  12.3    2.33     920  721    285,000    345,000 Pozos                          134.0    1.16   5,000  285  1,227,000  1,552,000 Santa Margarita BX              37.7    6.26   7,590   17     20,000    514,000 Santa Margarita FWSTK           16.6    4.80   2,560   19     10,000    177,000 Total proven and probable      320.2    2.19  22,530  282  2,906,000  4,372,000  1. Canadian Institute of Mining, Metallurgy and Petroleum definitions were  followed for mineral reserves. 2. Mineral reserves are estimated at a cut-off grade of 185 grams per tonne silver equivalent. 3. Mineral reserves are estimated using an average gold price of $1,150 (U.S.) per ounce and an average silver price of $17.67 (U.S.) per ounce. 4. The minimum mining width is 1.5 metres. 5. Bulk density is 2.65 tonnes per cubic metre. 6. Numbers may not add due to rounding. 

               OCT. 31, 2010, MEASURED MINERAL RESOURCE  Zone          Volume Density Tonnage    Au     Au    Ag        Ag     Ag Eq                (K m3)  (t/m3)    (Kt) (g/t)   (oz) (g/t)      (oz)      (oz)  Cata            34.7    2.65    91.9  1.71  5,050   338   999,000 1,330,000 Los Pozos       32.7    2.65    86.7  1.27  3,540   303   844,000 1,070,000 Santa Margarita 3.47    2.65    9.20  4.43  1,310  22.0     6,520    92,000 Total           70.8    2.65     188  1.64  9,910   306 1,850,000 2,495,000 

          OCT. 31, 2010, INDICATED MINERAL RESOURCE  Zone               Volume  Density  Tonnage     Au       Au    Ag         Ag      Ag Eq                     (K m3)   (t/m3)     (Kt)  (g/t)     (oz) (g/t)       (oz)       (oz)  Cata                 26.3     2.65      211   2.55    4,150   474  1,060,000  1,330,000 Los Pozos            34.7     2.65     91.8   0.98    2,900   252    743,000    932,000 Santa Margarita      18.8     2.65     49.8   6.42   10,300  18.9     30,300    701,000 Total                79.7     2.65      211   2.55   17,300   270  1,830,000  2,956,000 

      OCT. 31, 2010, MEASURED AND INDICATED MINERAL RESOURCE  Zone             Volume   Density Tonnage     Au      Au     Ag         Ag         Ag Eq                   (K/m3)    (t/m3)    (Kt)  (g/t)    (oz)  (g/t)       (oz)          (oz)  Cata               60.9      2.65     161   1.77   9,210    397  2,060,000     2,660,000 Los Pozos          67.4      2.65     178   1.12   6,440    277  1,590,000     2,010,000 Santa Margarita    22.2      2.65    59.0   6.11  11,600   19.4     36,800       792,000 Total             150.5      2.65     399   2.12  27,200    287  3,680,000     5,450,000 

              OCT. 31, 2010, INFERRED MINERAL RESOURCE  Zone               Volume  Density  Tonnage     Au      Au      Ag        Ag       Ag Eq                     (K/m3)   (t/m3)     (Kt)  (g/t)    (oz)   (g/t)      (oz)        (oz)  Cata                     n/a Los Pozos            2.53     2.65     6.70   0.53     113     149    32,200      40,000 Santa Margarita      77.6     2.65      206   4.52  29,900     105   694,000   2,640,000 Total                80.1     2.65      212   4.39  30,000     106   726,000   2,678,000  1. Canadian Institute of Mining, Metallurgy and Petroleum definitions were followed for  classification of mineral resources. 2. Mineral resources are estimated at a cut-off grade of 136 grams per tonne silver  equivalent. 3. Mineral resources are estimated using an average gold price of $1,150 (U.S.) per ounce and an average silver price of $17.67 (U.S.) per ounce. 4. The nominal minimum width is 1.0 metre. 5. Bulk density is 2.65 tonnes per cubic metre. 6. Totals may not agree due to rounding. 7. Gold-silver equivalence ratio for cut-off purposes was 60.8 to 1. Equivalence for  reporting in the table is 65.08 to 1. 

Both drill core and underground chip samples were assayed independently by SGS at the company's Guanajuato mine site laboratory. Aspects relating to mining and metallurgy are overseen by Charles Brown, chief operating officer for Great Panther and its Mexican subsidiary Minera Mexicana El Rosario SA de CV, and Robert F. Brown, PEng, and vice-president of exploration for the company, who are the qualified persons for the Guanajuato mine project, under the meaning of NI 43-101 and who have reviewed these results. The company's quality assurance/quality control program includes the regular insertion of blanks, duplicates and standards into the sample shipments.

We seek Safe Harbor.

House Positions for C:GPR from 20101216 to 20101216 House Bought $Val Ave Sold $Val Ave Net $Net 15 UBS 100,030 241,055 2.41 1,980 4,778 2.413 98,050 -236,277 90 Barclays 19,800 48,180 2.433 6,000 14,620 2.437 13,800 -33,560 6 Union 10,000 24,450 2.445 0 10,000 -24,450 19 Desjardins 20,477 49,959 2.44 10,843 26,271 2.423 9,634 -23,688 124 Questrade 13,215 32,626 2.469 7,485 18,067 2.414 5,730 -14,559 56 Edward Jones 5,000 12,000 2.40 0 5,000 -12,000 80 National Bank 4,000 9,480 2.37 200 480 2.40 3,800 -9,000 9 BMO Nesbitt 36,307 88,436 2.436 33,400 81,582 2.443 2,907 -6,854 14 ITG 5,095 12,456 2.445 2,600 6,297 2.422 2,495 -6,159 101 Newedge 11,900 28,378 2.385 10,500 25,790 2.456 1,400 -2,588 36 Latimer 3,100 7,471 2.41 1,800 4,392 2.44 1,300 -3,079 58 Qtrade 1,300 3,203 2.464 0 1,300 -3,203 81 HSBC 1,000 2,470 2.47 0 1,000 -2,470 57 Interactive 375 893 2.381 0 375 -893 85 Scotia 25,575 62,299 2.436 29,750 71,679 2.409 -4,175 9,380 79 CIBC 164,975 401,026 2.431 170,940 414,710 2.426 -5,965 13,684 1 Anonymous 28,100 67,844 2.414 34,900 84,998 2.435 -6,800 17,154 33 Canaccord 36,000 87,390 2.428 47,300 113,733 2.405 -11,300 26,343 99 Jitney 19,700 47,617 2.417 33,200 81,018 2.44 -13,500 33,401 13 Instinet 0 20,000 49,600 2.48 -20,000 49,600 2 RBC 82,581 200,484 2.428 105,042 254,268 2.421 -22,461 53,784 7 TD Sec 63,210 152,784 2.417 89,400 217,684 2.435 -26,190 64,900 20 Stonecap 0 46,400 110,534 2.382 -46,400 110,534 TOTAL 651,740 1,580,501 2.425 651,740 1,580,501 2.425 0 0

The Guanajuato Mine is one of the most prolific and historic mines in Mexico with past production of more than one billion ounces of silver since the year 1600. It is Great Panther's flagship operation and produced 1,019,751 ounces of silver and 6,748 ounces of gold (1,541,220 silver equivalent ounces) in 2009. The Company plans to announce an updated independent reserve/resource estimate for the Guanajuato Mine within the next few weeks and is in the process of increasing production at Guanajuato to an annual rate of approximately 2,700,000 silver equivalent ounces by 2012. Including the Topia Mine, for which an updated independent reserve/resource estimate is also imminent, Great Panther plans to produce 3,800,000 silver equivalent ounces by 2012

GPR.TO - Great Panther Res Com Npv (TSX)

Date	Open	High	Low	Last	Change	Volume	% Change
12/07/10	2.9000	2.9000	2.5000	2.5100	-0.2600	2497168	-9.39%

Composite Indicator	-- Signal --	-- Strength --	-- Direction --
Trend Spotter (TM)	Buy	Average	Weakening
Short Term Indicators
7 Day Average Directional Indicator	Buy	Strong	Weakening
10 - 8 Day Moving Average Hilo Channel	Buy	Average	Weakening
20 Day Moving Average vs Price	Buy	Strong	Weakening
20 - 50 Day MACD Oscillator	Buy	Maximum	Strongest
20 Day Bollinger Bands	Hold		Bearish
Short Term Indicators Average:	80% - Buy
Medium Term Indicators
40 Day Commodity Channel Index	Buy	Weak	Weakening
50 Day Moving Average vs Price	Buy	Strong	Weakening
20 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
50 Day Parabolic Time/Price	Buy	Weak	Weakest
Medium Term Indicators Average:	100% - Buy
Long Term Indicators
60 Day Commodity Channel Index	Buy	Average	Weakening
100 Day Moving Average vs Price	Buy	Maximum	Weakening
50 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
Long Term Indicators Average:	100% - Buy
Overall Average:	96% - Buy

GPR.TO - Great Panther Res Com Npv (TSX)

Date	Open	High	Low	Last	Change	Volume	% Change
12/06/10	2.5000	2.8200	2.4900	2.7700	+0.2700	2321506	+10.80%

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Today's Opinion: 100% Buy Yesterday's Opinion: 100% Buy Last Week's Opinion: 88% Buy Last Month's Opinion: 100% Buy Ratings: Strength: Top 1% Direction: Top 1% 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100

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Headlines

• Great Panther Appoints New Mine Manager at Guanajuato MineMarketwire(Mon Nov 22)
• Great Panther Drills 7.70 Metres of 704g/t Silver and 4.49g/t Gold in Second Hole at San Ignacio Mine Property, GuanajuatoMarketwire(Mon Nov 15)
• Great Panther Silver Reports Record Revenue and Earnings From Mining Operations in Third QuarterMarketwire(Wed Nov 10)
• Great Panther Expands High Grade Silver-Gold-Lead-Zinc Mineralization With Surface Drilling and Underground Development at Topia MineMarketwire(Mon Nov 8)
• Great Panther Discovers New Silver-Gold Zones at San Ignacio Mine Property in GuanajuatoMarketwire(Thu Oct 28)
• Great Panther Hires New Vice-President Corporate Development; Launches New WebsiteMarketwire(Mon Oct 18)
• Great Panther Reports Third Quarter Production and Updates Exploration & Development ProgramsMarketwire(Tue Oct 12)
• Great Panther Commences Surface Drill Program at San Ignacio Mine Property in GuanajuatoMarketwire(Tue Sep 21)
• Great Panther Makes New Discovery at 590 Metres Depth at Guanajuato and Expands Santa Margarita VeinMarketwire(Tue Sep 7)
• Great Panther Silver Reports Increased Revenue, Earnings From Mining Operations and Record Net Income in Second QuarterMarketwire(Mon Aug 16)

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TSX flat as iFederal Reserve officials stuck to their easy-money policy

Federal Reserve officials stuck to their easy-money policy of buying U.S. Treasury bonds and keeping short-term interest rates near zero amid new signs that the recovery is gathering some steam.

WSJ

Did You Know? Final trading dates for 2010 settlements

If you wish to sell an investment to realize a capital gain or loss in 2010, please note that the final trading dates for orders to settle in 2010 are as follows: Canadian Markets: 1:00 p.m. ET on Friday, December 24, 2010 U.S. Markets: 4:00 p.m. ET on Tuesday, December 28, 2010 Please consult your tax advisor for additional information regarding year-end tax planning.

The Toronto stock market was little changed in early trading Tuesday as investors look to an afternoon announcement from the U.S. Federal Reserve on interest rates and economic conditions.

The S&P/TSX composite index was off 7.09 points to 13,288.76 while the TSX Venture Exchange gained 1.56 points to 2,132.32.

The Canadian dollar shed early gains against the U.S. dollar, down 0.24 of a cent to 99 cents US.

Analysts aren’t expecting much from the actual Fed meeting, with rates and the quantitative easing program to expand the money supply left unchanged.

But the accompanying statement will be closely assessed for any change in tone.

Most analysts think that the Fed will likely acknowledge the recent improving tone in the U.S. data and that the immediate outlook looks better since U.S. President Barack Obama agreed to compromise with Republicans to extend tax cuts for all Americans.

The telecom sector was higher after Telus Corp. (TSX: T) projected revenue growth of one to four per cent across its operations in 2011, driven primarily by revenue in its wireless division. The telecommunications company expects revenue between $9.7 billion and $9.95 billion in its outlook for next year. Earnings per share are expected to be between $3.10 to $3.30, an increase of somewhere between one and six per cent and Telus shares were ahead 38 cents to $46.79.

The tech sector also provided some lift with Research In Motion Ltd. (TSX: RIM) ahead 57 cents to $61.82.

Oil prices slipped as traders look to weekly U.S. crude inventory figures for signs demand could be improving.

Crude inventories likely fell three million barrels last week, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos. The American Petroleum Institute is scheduled to announce its inventory numbers later Tuesday while the Energy Department’s Energy Information Administration reports its weekly supply data Wednesday.

The energy sector was flat with January crude contract on the Nymex off 46 cents to US$88.15 a barrel. Imperial Oil (TSX: IMO) rose 15 cents to $38.37.

The base metals sector was slightly higher as the March copper contract on the Nymex was off a penny at US$4.19 a pound. Equinox Minerals (TSX: EQN) lost nine cents to $6.06 while Quadra FNX Mining (TSX: QUX) gained 24 cents to $16.28.

The February gold contract on the New York Mercantile Exchange headed $2.40 lower to US$1,395.60 an ounce. Kinross Gold Corp. (TSX: K) rose 11 cents to $18.57.

The U.S. dollar had earlier been under pressure following a warning from credit rating agency Moody’s Investor Services that the U.S. could have a negative outlook put on its triple-A rating if it doesn’t get a handle on its borrowing over the coming two years.

But the greenback strengthened after data was released showing that retail sales rose for a fifth straight month in November, as the biggest jump in department store sales in two years gave the holiday shopping season a strong start. Retail sales increased 0.8 per cent last month, the Commerce Department said Tuesday.

Auto sales retreated a bit in November. But excluding autos, sales rose 1.2 per cent — the best showing since last March.

But electronics chain Best Buy Co. took some of the shine off the retail data. The company said third-quarter net income fell more than expected as it lost sales of TVs and laptops to competitors. It also cut its full-year outlook Tuesday.

Revenue in stores open at least 14 months fell five per cent in the U.S.

Net income fell four per cent to US$217 million while revenue fell one per cent to US$11.89 billion and its shares tumbled $5.88 or 14 per cent to US$35.82.

New York markets were also soft with the Dow Jones industrial average 24.45 points higher to 11,453.01.

The Nasdaq composite index rose 3.92 points to 2,628.83 while the S&P 500 index climbed 1.79 points to 1,242.25.

In other corporate news, Agrium Inc. (TSX: AGU) says it’s talking to “a number of interested parties” about selling the commodity management business of Australian grain producer AWB Ltd., which it recently acquired for $1.2 billion. Its shares declined 72 cents to $82.22.

Earlier in Asia, Hong Kong’s Hang Seng climbed 0.5 per cent and China’s benchmark Shanghai Composite Index gained 0.1 per cent.

Japan’s Nikkei 225 stock average added 0.2 per cent while Australia’s S&P/ASX 200 advanced 0.2 per cent.

London’s FTSE 100 index added 0.3 per cent, Frankfurt’s DAX dipped 0.13 per cent while the Paris CAC 40 was ahead 0.01 per cent.