Mark,I see the concerns you have pointed out being reflected in the SP as the last 1/4ly came around the time the POG tanked.
DRA is still a low cost producer with exploration success already happening & sufficient cash to fund drilling/development.
Looking forward I see costs coming in on the low side as the AUD has outperformed the SEK in recent months & the POG sales in SEK being highly profitable.
http://www.bullion-rates.com/gold/SEK/Year-1-chart.htm
i love this company, page-8
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