Ann: September 2019 Quarterly Activities Report, page-70

Pogo is going to be a major disappointment.

NST's Denver presentation stated that their POGO FY20 forecast AISC was going to be around $1200-$1300 and now with this new quarter and a surprising (yet unexpected) AISC of near $2000, I doubt very much that they will be able to achieve that unless they pull a miracle somehow which manages to pull it to about $1000AISC in the next 9 months.

But then there was talk about this being 18 months strategy ...maybe 24 months to add a bit of buffer..... but NST took control of POGO in OCT 2018.... so 12 months has past already .....

So.. I think, personally, that the forecast given is pretty much blown... I haven't seen new analyst report out yet.. but let's wait and see what the professional analysts say about this ... probably a downgrade for sure.. to what level? unsure.

Note: the way people are talking about how AISC is calculated (to justify it)... there's only one calculation and the major miners use it to provide a fair comparison.