Looking on the map I believe the joint operating agreement or JOA has something to do with neighboring Anglo Americans Anglo Ferrous iron ore mine and the processing of it.
Even without the iron ore credits the gold cash cost are amongst the lowest on the ASX at $581/ oz. The peer average on the ASX is $661/ oz. The iron ore credits just make a low cost producer seriously low cost! $375 - $425/ oz
In due course BDR will be substantially re-rated because of this!
DYOR
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