Just using the figures from the December quarter report, admin costs, development, production etc the gold is currently costing approx $2,000 an oz.
According to the company web site they have spent over $190 million developing the gold field but I cannot find what period this is over, and have produced 90,000ozs.The Investor Road show December 2011 says Development commenced in 2007 which seems odd as the first Gold pour from Warrior was made in November 2011 !!
They seem to be producing just enough gold at the moment to cover costs and outgoings but with an investment of over $190mill you would certainly be expecting a reasonable return on equity by this late stage in the game.
DYOR My thoughts and ramblings only
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