however no investor trust numbers in the current market macro especially when actual production numbers from other miners are much higher.
It is clearly a piss take to put a LOM aisc number that assumes no inflation when currently in the Market underground mine projects are reporting massive Qtr on Qtr increases in AISC. Borderline a hoax IMO.
Instead what they need to assume and be upfront because all investors are aware is that the gold price needs to increase at the same pace which cost are increasing.
For Example, SBM are now basically operating at a loss and if cost increase for another QTR all their cash in bank will evaporate and they'll be finished. They are best to immediately close all their mines down and put them on C&M. Ofcourse they won't and they'll end up the next DCN/WML
Underground projects = massive red flags
RXL Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held
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