I disagree - from 07FY report
"EBIT before non-recurring items was $9.6m with a gross margin of 37%"
With a higher recover rate of up to 80% for Cinabrio and 93% for Dalmacia open cut then EBIT will fall along with economies of scale as hinted at in the latest report ( 85,000 tonnes in 1 blast and weekends off )
I also believe they have around $2 billion in inground gold in Armenia - perhaps they can sell it on ebay!
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