Ann: Jaurdi Gold Project Production Update, page-98

Exactly, the directors were very savvy in knowing that $2330/oz was the high point. And even if it isn't the high point, then it just means we'll make even more profit on the other 50% that isn't hedged.

They obviously know that at $2330, we are still making plenty of profit and are happy with operating at that for the next couple months. If the gold price goes down (which it did a little), we're laughing.

Very happy with how things are going and if the AISC is anything below $1,000, that is very sufficient for a company in only its first 3 months of production. This value will only go down the more they optimise the plant by getting better recoveries, higher throughput, leasing less equipment etc.

Been buying at these levels with faith in directors, possible increase in resource and most likely more acquisitions in the next year. Still undervalued with the possibility of being very undervalued.