Whither the Share price today?, page-1173

The small amount base metals have moved is insignificant given we have gone from selling hedged gold at $1911/oz to now selling at market at $2500/oz. Remember it is normal for our revenue to be about 70% gold sales. Only the last quarter did this drop to 60% and for reasons that were explained. April should be the end of sub 50c prices. From memory in the first half we turned over around $165 million. That is set to increase markedly because of the Mill upgrade, milling better graded ore, April sees the start of mining Kairos with its high grade gold, and we have only 9000 oz of gold hedged at $1911 to sell in the June quarter. In addition, Peak North high grade gold could add to the pot in the June quarter if planning and mining is fast tracked as the company has flagged.
There isn't too much wrong with holding around $70 million in cash which is what the balance should be about now.