My takeaway is we probably have and AISC $1,900 to $2,200. So around $1,000 per ounce profit. Tycho would appear to have some really good grade. We should start to see higher grade through the mill which should see an offset for the higher haulage costs. I would like to see more exploration but all in good time. We are undervalued but profits will drive this in the long run. I would prefer a dividend as $3.7m every 6months really is a sign we are a well run company. Especially if we are seeing gross profit of $17.5m every 6 months. I would say however if an acquisition arises I can understand not paying the dividend.
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My takeaway is we probably have and AISC $1,900 to $2,200. So...
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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