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29/02/24
12:16
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Originally posted by Dazedandconfused:
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Hi Watchfulbull The upside is the AISC reduced to $1850 which makes a lot of difference. The 66k oz guidance reflects protecting the mine life of Klondyke .... although a small number of ozs the profit margin is much better (strip ratio 2.5, smaller digger? and reduced mining costs?). Slowing down on Bulletin? Maybe the Nullagine assets coming into the picture? Last problem is the debt restructure.
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Originally posted by plough:
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"The negative is the 25FY guidance of 66K Oz' At face value it is a negative , however at $1850 AISC an oz that is their lowest cost year per oz (until the final year) But yes maybe they could get a bit more out of the plant to increase throughput or find some more higher grade supplementary pits .
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Rough cashflows. Hedging should be down to 66K for the start of 25FY even incl the 3.5K oz pushed out from current Q. I understand there will be further hedging down the track but that should be at current spot price so should work out about same. And looking at NPV of those cashflows like a financier would be and @ 12% discount rate - 341M over 6years.