The market wants too see continuing increases in resources and reserves and consistent gold production.
$820 an ounce cash cost at mill start up will drop and even AU gold at $1000 they are still very profitable.
Just imagine if AU Gold were to stay at about current levels then that could bring in an extra 30mil/year.
I really feel the cost of production is not the issue.
The fact that the SP has not increased with increasing gold price also tells me that it's all about what's in the ground and becoming a reliable long term producer.
Some people are focusing on the share price drop from 8c to 4.5c but don't forget that it was at 2c not long before that.
FML Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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