gold production for april, page-5

If they can do 4200 oz a month, they are a 50k producer

$870 cash cost an ounce is high but still $500+ profit an ounce. Production has increased over two times and cash costs down by 46% from last 1/4.

Profit per ounce $500 (I am assuming they are including all costs to run the company, that is how they work out profit per ounce right?) times by 50 is 25 million dollars.

Market cap is 50 million with 30-40 million in the bank giving the resource a 10 - 20 million dollar value which places the PE at 0.5 to 0.9

This is a good bargin stock which I think has turned the corner. I thought it could go as low as .05, went to .08 and some good news was released then reached .12 dipped slightly below .1 and now above again which I think will become a base support, I don't think this stock will go below .1 again.

Afew worries is the Kangaroo flat, still not sure what is happening there, apart from that I think things look good.