Cystoderma cinnabarinum

A mushroom that we saw when a few of us spent the day botanizing at Rod Handfield's property, on 17 August 2012. Though there were fewer fungi there this year, we still had a rewarding and most enjoyable day. This is the ID I was given for this (macro) fungus. Please let me know if you disagree with the ID - would be much appreciated!

"This attractive mushroom has a cinnabar cap that is covered with mealy granules, and a stem that is distinctively sheathed. It is a saprobe under conifers, helping to decompose needle duff and forest debris. The color of the cap and the habitat under conifers, together with its fairly large size, will separate Cystoderma cinnabarinum from many other species of Cystoderma--but microscopic analysis may be required to separate it from a handful of potentially similar species ... The stem is smooth and whitish to pale cinnamon near the apex, but sheathed with cinnabar granular scales from the base upwards, the sheath terminating in a flimsy ring zone; the granules often wearing away as the mushroom matures, exposing a coarse, whitish surface below."

www.mushroomexpert.com/cystoderma_cinnabarinum.html