FML 0.00% 14.0¢ focus minerals ltd

cash cost closest to the pin, page-13

  1. 1,119 Posts.
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    From the Sept quarterly:

    "During the quarter 17 days of milling capacity were allocated to toll treating La Mancha ore. As a result, quarterly cash production costs were A$932 per ounce based on reduced gold production. Costs will return to normalised levels during the December 2010 quarter with the completion of toll milling commitments.

    Excluding the effect of toll milling, normalised cash production cost for the quarter, based on full mill availability, would have been approximately A$830/oz."

    If the head grade was increased slightly even just 5% then we should be sub $800. I reckon they'll be desperately trying to get the number under $800 for psychological reasons as well as being able to state that they can produce at sub $800.

    $796 is my guestimate.

 
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