RE: Record earnings! A small hiccup in production that still leaves us very profitable in a quarter that still had hedged production. Things should only get better from here: Production should increase, the hedge is gone, debt is short-term, drilling new zones soon. Its not unrealistic that earnings could double from here once the hedge is off the books and debt is out of the picture and the price of gold perhaps strengthens some more. Even if earnings go up by only 30-40%, that would mean a PE of around 2 at current prices for a company that could afford a dividend of 6-8 cents/share quite handily. Do you think the shareprice will stay the same with a PE of 2 and a 15-20% dividend?
Things look solid.