OBM 6.45% 33.0¢ ora banda mining ltd

Ladytradr - you clearly do not understand accounting for AISC...

  1. zog
    2,895 Posts.
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    Ladytradr - you clearly do not understand accounting for AISC with your comment "The cost of that ~300,000 tonne stockpile will be included in the March AISC, but we will also see the start of contributions of some high grade stoping that starts in coming days" this is NOT the way AISC accounting works. The way is works is that the material put into a stockpile is a negative contribution to AISC (i.e it improves it) but when that ore is used (or blended with other ore) then that cost is reversed into the AISC of that ore when it is later processed. You also really can't have it both ways in that you are saying (without much basis) that with opening up Sand King underground that all ore passing through the mill (upgraded to 1.4Mt/yr - LC is only currently claiming 1.2MT/yr) to be fed with ore only from underground thus implying the current O/P ore will simply remain in the stockpiles) - it's still has an impact on cash flow. I really do not give too much credence to your 150,000ozs/yr from your highly optimistic scenarios. I prefer to stick with LC's target of 100kozs (maybe stretch to 110kozs/yr) with a blend of UG ore (from Riverina & Sand king UG) and continuing O/P ore from Missouri (and possibly stockpiles)which has a reducing strip ratio.
 
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