Ann: September 2023 Quarterly Activities Report, page-4

So.... even after the buyback.. they spent $34m more than they brought in.
Seriously... annoying to have try and work that out, when the CFO and his whole team cannot actually put that exact figure on the front page.
AISC is undoubtedly a useless number at this point. So many small producers are generating actual free cashflow, versus... actual cash burn.
AIC is basically $90 AUD above their average sale price.

I won't deny the hedging prices being achieved is.... impressive, at over $3300 AUD.

Yes, production is weighted to the second half, but POGO continues to lose money.

I cannot even see NST being a target for corporate action, so... they are either an acquirer, or will keep buying back shares for when they eventually start making real money, perhaps 2027 onwards?