BDR is a good company , making good money, page-18

Excellent post Dannyboy. Interesting that there have been no remarks from the collective who have been talking rubbish relating to the sales numbers since the Quarterly.
A small point Some figures inverted. Q3 prod 2013 should be 55094 and Q1Prod 2014 32507. Makes little diff to your conclusion with rolling Difference now +6928 instead of +7711.

Also, production costs in BRL should be lower with weakening BRL and power costs will be substantially reduced when grid power connected in 2015.

Biggest worry is now the gold price ( lets say US$700/oz ). BDR could close mining operations and still be profitable for over a year as they process stockpiled ore.