Ann: Quarterly Cashflow Report ending 31MAR10 , page-10

dreams becoming reality? ... we gotta figure out what's going on with MCO

I'm seeing that it's not massive ounces produced that's important but the profit margin - look at SBM for example that produces a huge number of ounces per year (about 230,000) but is not profitable, and most of the WA open pit miners are in the same boat - they are substantial producers but only marginally profitable so their market capitalisation is limited and their share prices strongly determined by the fluctuating price of gold

not so for a low cost producer such as MCO is likely to be - the price of gold does not matter much if production costs are down about $400 per ounce