has apex turned the corner?

Attended the AGM today.
No wild celebrations yet but a quiet air of confidence dispayed by CEO and Chairman.
October production up on September and cash costs down to $850.(for October)Further initiatives in place to reduce this.
Aim for Wiluna to produce 100,000 oz pa before developing Wilsons.
Cash position remains tight but $10m of contained gold in Biox circuit to be recovered over approx. 3 weeks. (This not counted in cash position)
Further exploration deferred until cash reserves allow.
Mine life from known reserves still +3 years.
At a market cap of ~$68m perhaps company is undervalued.
Still some risk but position now far better than 12 months ago.
DYOR