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TGS

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4.9¢ tiger resources limited

Hi Magic, To be fair to Nikec you should consider using the...

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spid81

16,030 Posts.

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05/09/17

07:51

Post #: 26994714
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Originally posted by MagicSeven ↑

Well, maybe soon some of the dreamer-legion here wish to have a gun.

I don't know why nikec is always making the same wrong calculation..

The 2.26$/lb aisc from the 2nd quarter '17 was without any mining costs (because they stopped mining because it was too expensive at this time because of lower copper price than today and they instead preferred to do LOM works).

So why the hell you just exclude mining costs for future quarterlies??? Can tgs really produce copper without any mining material??? They have to restart mining asap or we sell no more copper after October/November 2017!

And if they restart to mining again the "real" aisc would be well above 2.26$/lb plus the mining costs of about 0.30-50$/lb! So we have a total operating aisc of 2.56-2.76$/lb by 4 tons of produced copper per qtr.

And nikec's "false" calculation without including any admin and/or mining costs is a manipulating information to all readers of hc! And he also don't have included any depreciation as this should be the case if he calculate the "ebit"!

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Hi Magic,

To be fair to Nikec you should consider using the historic figures for aisc as the recent aisc are not a true reflection on what Tiger is capable of achieving, last year the aisc was around $1.50 - 1.70 per pound including mining costs,

http://www.tigerresources.com.au/aurora/assets/user_content/File/TGS281016.pdf

TGS Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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