You should possibly re-read what I have written. But for your...

You should possibly re-read what I have written. But for your convenience I will re-iterate here.

That figure is given as an estimate, not an actual figure. It's also on a per ounce basis, but we don't not know if this is per ounce of current production, or per ounce of targetted production which is 2,500 ounces per month. What makes the figure of $1,100 even more believable is that it looks like in the previous 3 or so months of production, the plant has been running at a neutral profit.

Whereas if the costs were less than $700 per ounce all along, there would still be a profit, albeit less then what they are targetting.

They have had numerous chances to provide ACTUAL costs for a given period, but have always decided to provide this targetted/estimated costs figure per ounce. Until we see given costs for a period (i.e. costs for july - compared to production for july) then I will continue to take the prudent approach i've displayed in my previous post.

Hopefully that makes sense and clarifies.