C3 costs for June quarter $1275. Not much margin being made atm.
They do seem to be getting their C1 costs down though which will improve profitability
C1 cash cost represents the costs for mining, processing, administration, including accounting movements for stockpiles and gold-in-circuit. It does not include capital costs for exploration, mine development or processing mill capital works. It includes net proceeds from by-product credits. It does not include the cost of royalties.
I lost badly with KMC. I hope i can claw a little back with NGF, although not very hopeful.
NGF Price at posting:
14.5¢ Sentiment: None Disclosure: Held
