Hedge Retired June?

It looks like the hedge has been fulfilled as required by 30th June and we are
now realising a gross margin of $600/oz (probably $500/oz net)
Last word on AISC was $1200/oz.

Looking forward :

Mkt cap................$145 mil
SP:..........................19.5c
# of Shares: ............743 mil

Say 80K ozs a year with $500 mgn = $40 mil
or EPS:..................5.4c eps
or a SP of 54c @ a P/E of 10.

The current P/E is about 3.6

MM