Any saving in costs from mains power will be gobbled up by the increased consumption from the power hungry ball mill.
Costs of production increased by 38% for a mere increase of 8% in material moved during the year. Thats $46m....
$58 million in payables that may require further debt funding/capital to pay off.
If we lose the “support” of MACA regarding “aged invoices” and they terminate the contract early we are obligated to buy back the mining fleet.
STI bonuses linked to the terrible AISC forecast. I wonder if we will see some more accounting trickery to lower the AISC...
Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-9
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