Gold price, page-11984

Hi Korbah, a rather pessimistic statement contained in your post.

I'm basically an FA person and so am interested to know your calculations on why BDR cannot turn things around at avg pog of USD1250poz for 145koz at AISC of USD950poz. Per 2016 annual report, cashflow from operations was A$18M. Impairment and other costs totalled ~A$10M, all of which I'll assume as in addition to AISC, to be conservative. Finance cost should decrease significantly after cr in Apr17. Annual production guidance is unchanged, so should be similar to 2016. AUD-USD assumed at 0.77, to be conservative again. Costs savings from power grid assumed to offset USD-BRL exchange loss. Proviso: I don't factor in the negativity harboured by a few posters against SJ and team, nor do I discount SJ's guidance data on basis of such negativity.

Willing to accept that I might have an FA blind spot that could be potentially destructive to my BDR LT investment. To be forewarned is to be forearmed. Cheers. R.