on the topic of AISC.. for the duration of processing ounces for Geoda Lamerton.. we are increasing grade to maintain our "normal" guidance (26-30kozpa) what hasnt been mentioned is that this will have a positive effect on our AISC, producing higher grade (with shared costs between the parties from the first milestone).. so even though we wont be increasing our own production during thes period, we should be increasing our profit margin (all things being equal on spot gold)... at a very ball park guess AISC could fall in the region of 25 to 40%.. with transport costs compared to Jaurdi ore, obviously it would be on the lower end, but if compared to McPhersons ore maybe towards the upper end.. that being said there are additional one off items such as the reimbursement to GL of approx 500k for prior exploration, we also bear full costs for farm in exploration, though you can argue they are all our ounces except for 4% net smelter royalty.
BCN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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