LVR leviathan resources limited

report, page-3

  1. cy7
    930 Posts.
    "Cash costs in the month of September were at planned levels of $380/oz.
    CY 06 targets Stawell Gold Mine: 130,000oz gold production @ < $380/oz cash costs"

    I think the market, myself included, expected it to be abit better.They said in line with expectations -- but I think our expectation would have been closer to 32500 oz @ cash cost of $380.
    However positive Cash flow from operations of $9.4 M, before spending $2.8 M and $5.9 M on Exploration and Capital works.
    Could nearly burn off forward sale this Qtr if they choose.
    Maybe, not to bad.
 
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