X64 0.00% 57.0¢ ten sixty four limited

Ann: Quarterly Activities Report September 2014, page-2

  1. 13,838 Posts.
    lightbulb Created with Sketch. 3962
    Not the sort of qtr report that would encourage me to get back in still.

    AISC?

    Cash cost is reported as $382/oz for 21,018oz produced.

    not included in cash cost;
    exploration 2.7mill
    sustaining capital 3.4mill
    continued mine development 9.5mill
    corp overheads 2.4mill

    total sustaining capex18mill

    total sustaining capex/oz $856/oz
    cash cost $382/oz
    AISC $1238/oz

    They might want to amortise some of the above but I would rather assume the above is close to their ongoing cost of production. Unless they can somehow significantly reduce mine development costs, increase ounces through increased grade or the POG moves much higher, they don't look like they will produce any free cash flow.
 
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