Ann: Operations Update, page-62

We are talking about a 10-12k drop in production in one quarter that is always going to be variable due to weather. Can they make that up? Maybe they don't & they achieve 160k of production for example for the year.
The market cap is now around A$147M!
Even if they only produce the 160k toz its dirt cheap if they can maintain ASIC under USD900.
If they do manage to produce the mid range of 180k toz all the better, however I'm not banking on that.

Personally I think there are a lot of post that have blown today's announcement completely out of proportion & its because they have been let down time & again by management so I understand the frustration.
However that doesn't change my view that this is a very cheap stock even on the revised production, not they have revised their year end target, however I have to be prudent.