Just looking back at the announcement on 30/9/14. "Production guidance 1st year".
Production 50/60,000 oz.
AISC $750-$870. Probably at the lower end of that estimate now. Lower wages, diesel etc.
Importantly gold price in A$ was just under A$1,400. per oz. Now A$1,650 per oz.
Thats a massive margin.
I would like to see them hedge some ozs and of course aim to increase production asap.
Happy days ahead I hope.
Cheers.
ABU Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
