A little bit of knowledge is dangerous....
Our cash cost as per the DFS is US$281/t , AISC $306/t
That still makes a good profit, however we have it on the back burner till prices improve
LTRs cash cost $345/t
LTR up 6% today giving them a market cap of $484m,
AVZ cash cost US$371/t,
their present market cap is $273m for their 60% - and they don't have all their permits yet.
Re NPV
LTR used $739/t
AVZ used $673/t
we used $666
Maybe you should educate the people on the LTR & AVZ boards.
Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-52
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