That’s pretty sloppy by your standards there Tim.
How’s about we run some real numbers on Vic Gold.
Q1 2021 AISC of $1,586 per oz they mined 75% waste in that qtr
Q2 2021 AISC of $1,400 per oz they mined 60% waste that qtr
Q3 2021 AISC as your sheet shows $961 per oz with 55% waste mined.
By my calcs your AISC by quarter are actually falling, and the reason for the high AISC is strip ratios. The trend is there right?
They expect that once production is in full swing strip ratio will be less than 1 to 1, so their cost to mine should fall again.
Links to all their quarter presentations are below. Unless I’m missing something the costs are indeed transient down. And once they’ve mined the waste they should settle around $900 an ounce……
https://vgcx.com/site/assets/files/6759/2021-q3-vit-mda.pdf
https://vgcx.com/site/assets/files/6733/vit_q2_june21_mda_2021-08-12.pdf
https://vgcx.com/site/assets/files/6695/vit_q1_mar21_mda_2021-05-13.pdf
For the life of me Tim I can not work out why someone who legitimately claims to hold posts so much negative stuff on a stock. Please enlighten me, because I genuinely do not understand it. What you’ve posted is extremely misleading if you actually read the facts. Their AISC IS NOT increasing it’s trending down…..
That’s pretty sloppy by your standards there Tim. How’s about we...
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