Ann: 2016 Full Year Statutory Accounts and Appendix 4E, page-39

What hasn't received much mention, is the $'s Maca are paying back BDR ($7.9M in this report), for the mining fleet & this currently being used to reduce ASIC by ~$54/Oz ($7.9M/146,316Oz sold).
When this is paid off (I think, June2017), Maca charges will be ADDED TO AISC
For every $1 BDR is currently receiving from Maca will now be $1 spent - effectively a $2 increase or around a AUD108/ USD81 per oz increase in AISC from July'17.
GLTA