People looking at the US$ price are missing the Aussie dollar drop.
Gold miners will continue to print at anywhere near these levels.
EAR all in on the first 400,000 oz is A$1,074, so the margins are excellent anywhere near here.
100,000oz pa x over A$600 is approx $60m pa in free cash flow pre tax. I would have thought that EAR would also have some tax losses tucked away , so i suspect a great result when production starts later this year. dyor
EAR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
