Also my point about cash flows was forward looking, not FY18. Ie when stripping ramps up they are likely to face similar cost pressures as 2017, with a genuine possibility of negative CF for a few months. When people buy the stock expecting AISC of 1000-1200 as far as the eye can see, they are going to get shaken out when they report 1600, 1800, 2000. This "step change in economics" rhetoric is just that until proven otherwise.
BLK Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held