With gold up $A25 today that has go to drop 50,000 oz x $25 =...

With gold up $A25 today that has go to drop 50,000 oz x $25 = $1,250,000 to the bottom line if it can be sustained. Perhaps they should consider a hedge at current prices $A 1,500 to lock in the price.

Given they think they are on track for 50k oz at cost of less than $1k per Oz, that equates to around $20m of profit.

I am sure the company will provide the production figures for Feb soon (if they are good) to kick along the take up (even though underwritten).

I do hope costs are under $1k this month.