Here’s the NR from this morning and here are a couple of simple charts generated from the numbers. This one shows how production has increased in recent quarters:
This one shows the 2010 gold production total next to the 2011 forecast:
The question is whether 135,000 oz of gold in 2011 at an estimated cash cost of $540 to $560 an ounce is enough to justify a current market cap of $800m. We’ll try and answer that one next Sunday in the Weekly. DYODD.