I'm going to have to correct myself here. I used AU$800 instead of US$800 but I used AU gold price.
If we convert USD to AUD for the cash cost it's about $1000.
$1750 price of gold minus $1000 cash cost divided by 2 multiplied by 35,000 = 16.5m $13.1m
Anyway, EBITDA of AU$13.1m is fine to me for a company with an MCAP of $17m!
I'm going to have to correct myself here. I used AU$800 instead...
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