debarwa...spot on!
hope more sellers come out of the wood work on Monday, as i am more than happy to soak up more at 0.20 if given the opportunity.
17koz gold poured during the march quarter, yet by my reckoning at least $15million should have been generated in revenues, but alas the quarterly did not reveal any sales.
unless it has been treated differently accounting wise due to the site officially achieving "Commercial gold production status" in April.
Whilst costs would be nice, they will be clouded by ramp up development costs, such as underground stope ore costs, East Pit stock piling of 220k ore which by way has an estimated 24koz of gold. I am more interested in costs now the Commercial status has been achieved.
High front end costs will generate lower costs in Jun qtr and subsequent quarters, by which time money will come in big time.
Apex suffers a credibility issue but at 0.20 to 0.23 it is all up side imo. Downside risk as already been played out.
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