NZ goldprice currently $1850+/oz - based on 2011 production of 300,000 ozs unhedged and cash costs of $NZ750 means a nice cash operating margin of $NZ330 million.
Yes I'm looking long term but why not?
We just have to get thru the release of the annual financials on Thursday - after which this should regain momentum following analysis remembering any write-down of Dipidio really means nothing as it still should be a valuable asset.
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