be confident, page-11

Cost per ounce of production is very important.

I like low cost producers. They are safer, have lots of cash flow to buy new properties and mines, will have more funds for exploration and development and could eventually pay strong dividends if gold stays in a new high price range over the years (i.e. $1100-1200). Also large mining companies are not going to buy-out high cost producers. They are risky and migraine headaches for management.

"Cash operating costs have remained at around $7 million per month, and although attention has and will continue to focus on increasing production, a comprehensive review of costs has been initiated. Because of the high fixed component of Wilunas costs, cash operating cost per ounce statistics are more influenced by actual gold production".

"Ore development has been commenced at Burgundy on several levels and represents the 4th independent underground production source. Stoping is expected to commence in May".

http://imagesignal.comsec.com.au/asxdata/20100430/pdf/01060298.pdf