current value, page-9

250,000 ounces at $1500 per ounce and $1100 all in cost equates to $100m profit.

Current projection by management i believe is 250-270,000 ounces at all in costs of around 1000-1050 (NEXT FINANCIAL)
Not sure how sustainable these current low costs of production are seeing as it involves digging less ore, at some point i imagine this will need to change and will bring costs higher when it does.
What is very likely is that they can crank up production to 400k plus ounces(2015-16) IF gold price remains stable at or above current levels.
If they can produce 250k ounces for the next few years at close to $1000 all in costs i would be absolutely ecstatic!
Even at $1200 gold price that would be 50m profit per year, those earnings would double for every $200 in gold price.
Eg: $1400=$100m $1600=$150m etc.
I don't care about extra production if margins aren't high.

Eg: 400k ounces at $1200 all in costs and $1200 gold=ZERO
at $1400 gold price= $80m $1600= $160m

LOW COST = HIGH PROFIT HIGH COST = LOW PROFIT

Management can't control the gold price but everything else is on them, if they triple productions with low margins them i'm selling regardless.

I'm confident management will protect margins as they acted very quick to do just that when gold got hammered, excellent value at current value.