gold production rising--costs falling

Gtm has reported that gold production for the September quarter will be 17,500 oz, indicating that gold production for the year to June 2005 will be about 75,000 oz as the compny stears towards its goal of 100,000 oz pa. Unit cost are falling and profit margins will be in the order of $300 per oz according to the last news release. This indicates a cash flow for the year of $22.5 million and a c.f.p.s of 2.6 cents. With a price to cash flow of 2.5 and more gold discoveries in the making isn't a share market upgrading due ???