good quarterly

Heroic effort on the cash cost of $559 / oz. I was expecting over $600 / oz. Some joker here had earlier suggested over $800 / oz based on the reduced grade and past years costs.

With hedging and forward costs of $600 / oz, that's a cash flow of over $60m / year from the mine. Current fully diluted MC (including those sneaky convertible notes) of $280m. I'd say it's a bargain, but there are lots of bargains out there at the moment.

I wonder how the share price will react.