RE: Operating Costs per Equiv. Ounce Fair statements Fantomas, but if you take them up to their normal 6,000 ounces per quarter (should be slightly higher this year), the cash costs are probably closer to $625-650/ounce. Using your equipment for stoping into new areas is something that really brings down production in the short term, but they are entering some of the higher grade areas, so it should pay off shortly. Also, energy costs have given us a small break in the short term at least.
Even still, with cash costs of $725 this is still cheap. If gold stays here and they can produce roughly 25k ounces/year, they profit about 14 cents/share. Any way you slice it, the share price has a good chance of appreciating greatly from here.