Cash Cost per ounce - $600
I make the cash cost at somewhere between $560 and $610 /oz gold range based on the latest figures released by EXMIN for Moris.
If Gold remains at $1000 we are talking of about $400 margin and at 60,000 pa that gives the Moris project $24million profit p.a. - Exmins share being $7m. This beats the original forecast of $4m pa profit for EXMIN.
Not bad though cash costs are higher than anticipated.