Ann: Quarterly Cashflow Report ending 31MAR10 , page-8

development costs looks like an unusually big number to me, at about $840,000 for not a huge amount of ore brought to the surface so I'm holding off on estimating the operational costs per tonne and costs per ounce until the activities report is released and I can separate out the operational costs of the MS mine

long term readers of this MCO thread will have seen that these two numbers are my obsession, which I regard as a reasonable obsession because MCO is likely to have the best profit margins in Aust and typically the market capitalisation will eventually be a consequence of that free cash flow, which provides for rapid expansion of mining activities from the regional dykes

MCO could get to a billion dollar market cap eventually, but only if its costs per ounce are about the lowest in Australia - have a look at Kingsgate (KCN) as an example of what MCO could emulate, KCN's low costs per ounce have gotten them to a market cap approaching $1 billion