Alokik, my apologies I should of been more specific but had to run to a meeting. Sure there are external factors increasing costs, this is true for all industries. The thing is snd I quote "Despite general industry cost pressures, a declining trend in Unit cash cost continues as production ramps up at Nifty Sulphide & operations stabilize". Operational optimisation translates into a greater unit contribution margin, more pounds, lower cost per lb. Have a look at the last 2 quarterly's and you will soon realise where the focus has been. With the operation humming, hence extracting greater margin we will see exploration in focus, come in Esperanza South.
This is just my humble opinion and I'm prepared to be wrong. Miss out I'm not.
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