So let's say AISC is 1,000, nice round number, the hedging of 40,000 of those forecast 70,000 oz is @ 1,200 over the next 4 quarters say at 1,275 for the sale price, as per avg 6 months to December 17, leaves 75 which is @ 3 mill, 75 * 40,000. 30,000 without a hedge let's say same same 275 * 30,000 is @ 8.25 mill. The total appears to be 11.25 mill. I will stand corrected. Debt obligations stand at about 3 mill per quarter or 12 mill for the same period as equated with the 70,000 oz. Hopefully the gold price does rise yes and hopefully expectations are exceeded of course. Exploration costs $$ as we all know.
TRY Price at posting:
11.0¢ Sentiment: None Disclosure: Held
