Absolutely they should be flying.
This is a very simplistic calculation but;
Dec23 qtr average gold price was 2925 and AIC (not AISC) of 2558, so margin $367 and that produced unerlying cashflow of 102M.
March24 qtr was average gold price of ~3150, but lets look at June qtr and assume average price for the qtr of 3650.
3650 less AIC of say 2650 = $1000 margin. nearly 3x the Dec qtr margin! Cashflow should 3x as well on a like for like basis although we expect more KCGM mill expansion capex this qtr.
Absolutely they should be flying. This is a very simplistic...
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