MOY Fundamentals - A snapshot before breakout, page-2

Based off the 7.1 million free cashflow and 23166 ounces of gold produced they made roughly $306 aud an ounce. All in sustaining costs was 1195. So essentially they sold gold at an average or estimate of 1500 AUD an ounce.

If they were to take advantage of spot prices then Free cash flow generation would be at least an additional $100 aud an ounce on top of that 306 dollar profit margin.

So your looking at 23166 ounces * 406 aud <--- this margin would of actually been higher IMO.

Anyway using $406 profit margin that = 9.4 million free cash flow.

they probably would of made well over 10 million free cash flow at spot prices.

Gold does not look to be trending lower. Aud is still high. Gold Can only move higher. Assessing world economies and markets I believe management shouldn't hedge at this stage. They should be taking advantage of the spot price.

What's everyone's thoughts? If the hedge does run out at the end of this fy16 as suggested by others they should consider running at spot prices.