$542 cash costs for June quarter. Cash costs may have come down some with lower AUD and falling oil.
But its the average price received where the action will be going forward - AUD spot gold some $300 an ounce above this figure now and likely to rise higher later this year.I estimate cash margin now in excess of $1000 aud an ounce....
Very shortly this stock will have to be re rated - $55 - $60 range by the end of this year highly likely.
