Ann: Quarterly Activities Report, page-2

Hmm...

So there's some good and some not so good parts of this report, but at least there's nothing ugly:

The not so good parts:
- Higher cash costs
- Lower grades at flying fox
- Lower total nickel mined

The good news:
- Next quarter they will be targeting higher grade areas of flying fox
- Nickel spot price looks good
- Continued development at cosmos

If you believe in the company management then todays share price drop is a good "buy the dip" moment, but I think I might wait to see the production cost start to drop before I buy any more shares.

Thoughts?