Knucklesandwich.costs of production have indeed been high but...

Knucklesandwich.
costs of production have indeed been high but you need to understand why. They have had $12-15 mill of pit wall cut back costs at a couple of their newly aquired pits in order to access more of the good stuff. This cost has been expensed rather than capitalised, which is why you see a high cost of production. If you took out these one off costs it would be closed to $500 per oz which is pretty reasonable. Costs will come down from the next quarter onwards because of this and because they will be treating the Frogs Legs ore for proper..ie high grade stuff. I expect them to come down to less than $500 per oz by Xmas...If gold is higher and production is at full bore by then, who knows what the price of DIO will be.
Its a great buy at these levels.