Ann: Quarterly Activities Report, page-12

i dont see this as an issue. The hedge in aussie is a healthy profit margin. What i see is more important, is, they produce consistent quarter on quarter profits. We dont want surprises. Like in the blk days. You know asic 1550 one quarter then 2100 the next.
I stand by my numbers, they will achieve 3 to 5bucks stock price in 12 to 18months from october, or commissioning time. Worrying about stage2 funding is not worth thinking about yet. A 250k0z mine is worth nearly 2billion mrkt cap anyroad. Thats about 14x from now. There is a good return to be made here.