- Costs will come down until we reach full production. Due to simple economies of scale. - Royalty negotiation is the other big one. - After that we'll be limited in our cost reductions - depending on whether grades rise aka whether exploration delivers, and whether any plant expansion is realistic (probably not if we don't have other bulk ore sources than A-pit). - Possibly investment into lower cost power (solar). If the chairman doesn't see solar as a conspiracy.
They cannot project long term based on exploration that doesn't even have a resource calculation yet.
Right now, we're down to A-only (West, Quartz, North) - nothing else left? Unless A worsened as it ran down its reserves (5 years away), which made it more economical to re-open older pits at 0.5g/t etc, or go underground etc. For exploration to drive down costs, it would have to come back superior to A. If it came back equal or worse than A, then it would only be helping to secure the long term production, but not at low cost.
Maybe NE is one possible future, if they cannot locate strong resources to replace A-pit.
I saw photos of investment into cyanide saving equipment. I don't know what proportion of costs cyanide would be. Low?
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