quarterlies, page-7

this years production coming next qrt the production cost was high for that period because they spend over $2.5m on exploration and plant improvements. They produced 23,000 oz for the year and look like producing between 70,000- 90,000 this coming year. they will make atleast $100 per oz or an expected profit of something like $7m-$9m. This thing is trading at a pe x 2.5 this coming year. its cheap.
they will continue to drill and increase production. how many gold producers can knock out these sorts of numbers and only be capped at $19m. the next quarter result should see it closer to 20c again.