I'm not confused - do you have reading comprehension? I said 'total costs' and not 'cash costs'. Whilst they reported cash costs of $584 per ounce, they are having to spend about $1,203 in total per ounce whereas FML are spending a total of $1,033 per ounce. I don't worry about cash costs as it doesn't impact profit, total cost is more important and TRY is spending more than FML.
high cost producer leverage to rising price, page-16
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