Hi Tim, purely based on previous guidance for A$1200 assumption....

Hi Tim, purely based on previous guidance for A$1200 assumption. I usually like to see a couple of consecutive quarters but you are right, it seems they could push it down lower.
Given they produced 80koz this quarter I've upped my estimate of FY18 production to 310koz. Even with more generous assumptions of say A$1100 AISC SAR is only on a par with the other multi-mine companies, who I think generally have more going for them.

I constantly update my numbers following quarterly reports to try and get best feel for actual AISC numbers and their sustainability. Anyone can work out the free cash flow multiple based on guidance. The key to investing in the gold stocks is telling which companies will fulfill their promises (as I'm sure you're aware).