earnings before ebitda of 41 million and a profit of 15 million before tax on total production of 196000 ounces is pretty good as was the last quarter production of 70000 ounces if continued this year means total production of 280000 ounces at a cash cost of $285 per ounce and falling in the last quarter down from $317 .this would indicate a much bigger profit in 03 with ebitda of around $74 million and a profit of around 30 to 35 million if the aussie gold price stays around $550 . at these prices it is probably good buying for the medium term also very good chance of upgrade in reserves and mine life in the near future.wrongway
