what on earth?, page-9

Great quarterly that confirmed total full year production of the equivalent of:-

(i) 45,000 oz of gold after netting off the silver production

(ii) at a cost of approx $260 per oz

(iii) for a gross surplus of $54m based on a conservative margin of $1200 per oz - note with actual gold price received of $1606 actual surplus would have been closer to $1350 per oz for a surplus of $60m

Hard to beat figures like this and has:-

(i) $34m cash & bullion in the Bank as at 30 June'12 - prior to the dividend payment

(ii) new mines opening to increase production during the next 12 months

(iii) tightly held with only 290 million shares on issue

Has to be one of the best gold stocks around with gold price due for a re rating IMO.

Happy days ahead and good luck to all fellow holders.