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11:31
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Originally posted by precis:
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I hope you are right Croc 16. To answer your question in a round about way. The reserves were 202koz. We paid $200 million. Then add interest plus other costs to date that we didn't expect to have to pay so say $230 million all up to date. Let's make the maths easy. Lets say we have an AISC of $1441 we hedged at $2441 so we make $1000 an ounce. On the known reserves we get back $202 million, so we end up losing $28 million after the 5 years LOM all going well.
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seeing recent buying seems AMI might have hit decent grades in their latest exploration efforts. Let's hope it's Dargues news. Will be interesting if they release some results this week.
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