My 2 cents on the report :Still ramping up, now I expect to see...

My 2 cents on the report :

Still ramping up, now I expect to see full capacity reached and demonstrated during 3 / 4 quarter 2012.

Production costs, of course astronomically high as it is a ramp up phase. Show me any comp going from explorer to producer at minimum costs and making highest profits, doesn't exist.

Regarding mine life and average costs just listen to last years last audiobraodcast, it explains it easy to understand.

Overall loss: no problem, as there were not just production but exploration and drilling costs too.

And to those who come out of the woodwork and want to tell us that AYN had to be profitable / cashflow positive during the last quarter to be worth to be considered to invest, then tell us what about those hundreds of mining minors with some having up to 1.5 billion as mc with no income for many years to come ?

Yes, I would have loved to see gazillions of profit, but will be happy with just half of it over the next coming years.

PDN and FMG did not start in a blink of an eye either, it takes time. Just ask the BHP people about their beginnings.