agreed....and its been a big drop from the recent high of AUD $1530 to recent low of AUD $1380.
Nevertheless, at today's rate we are still looking at $400 an ounce profit, or cashflow of $60M per annum....for a 200M company.
And that's ignoring the ounces hedged at $1530, which will help clear things up at Murchison for now.
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