Ann: Quarterly Activities and Cashflow Report , page-6

looking at the announcement it's right inline with my expectations.

net operating cash flow is $3,738,000
produce 3353 oz for the qrt
other fixed assets $753,000 (im going to assume its the jumbo they purchased.(one off)
bond $860,000(one off)

so there is two ways you could look at it for the qrt
1) total cost per oz $858 (3738000-$860,000/3353)
2) or $1339 per oz (4491000/3353)

sexyfatman where did you get your $1490 from?

and we also add transport on top of this so my thumb suck cost per oz would be around $1200per oz for this qrt

next qrt will be the same in fact better of because you will not have any one off charges (lets assume that anyway)

But once they have the crushing circuit up in the q1 2012 they will save more $200,000 per month.a rough guess
so in the q2,2012the cost per/oz will be around $680per/oz plus transport (3738000-860,000-600,000=$2278000/3353) using this qrt figs as a guide.PRETTY GOOD!!

to say this is AAM you are dreaming!!