I think you will find the March quarterly had higher costs due to the implementation of their new strategy. As far as I understand those were 1 off costs and they should be returning to about 700 profit per oz. Unless I am wrong.
But shhhhh don't tell anyone I am loading my bags with cheap shares as we speak. I don't want too many people to Jerry quite yet.
Valuation analysis of ASX gold miners, page-4
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