Technical Analysis, page-34

It can do that if they have the mine back on track. Hedge rolling off adds US150/oz to cashflow. Cutback cost rolling off and higher head grade could add up to USD500/oz to cashflow. In one quarter, goes from modest operating loss run-rate to up to 40% operating cashflow margin. With gold where it is, will be more interest in high cost leverage stories like TRY, particularly if the demonstrate favourable momentum in operating metrics.