Apart from the AISC, upper limit of range being AUD$1950, and the unknown of the All in Costs, remember NST where gold sold totalled 404koz at an AISC of A$1,746/oz (US$1,147/oz) and AIC of A$2,243/oz. That is a 28.5% increase in the costs.
Heaven help RED if their All in Costs were in fact $2506. AISC +28.5%.
A look at their website poses another problem:
Now hiring open pit and underground mining professionals
Open Pit:
- Mine Surveyor
- Senior Engineer
- Production Engineer
- Survey Technicians
- Project Geologist
- Mine Geologist
- Resource Geologist
- Logging Geologist - Grade Control
Underground:
- Mine Surveyor
- Senior Engineer
- Production Engineer
- Drill and Blast Engineer
- Resource Geologist
- Mine Geologist
- Logging Geologist
With so many positions vacant who have they got running the joint. Talk about cost pressures