You are right: Last year’s annual report (22-23) showed 20,893...

You are right: Last year’s annual report (22-23) showed 20,893 ounces ofgold for an average price of US$1,943 to give a revenue of A$60.5m.

Ifwe have the same production and sell at A$3,550 we will have a revenue of A$74.2m(up 16%). This is probably an over-estimate since the price of gold only started its price surge in 2024 and the reporting year started in July 2023. In any event, although the total revenue might increase by only 16%, expenses are unlikely to increase by that proportion, as some expenses remain fairly static, so it’s a fair bet that total profits would increase quite significantly. If the production exceeds that of last year then things will be even better. The stock will remain unloved whatever!

Stillnothing on Faboliden, a frustrating thing for us long-suffering investors.