Hey, thanks for coming back with some numbers...
Here's my figs in a little more detail, so you can see where I'm coming from...
Production this quarter:
Tonnes milled 124,000 in April, 142,000 in May (from RUI presentation) and say 150,000 (capacity) in June = 416kt total.
Average grade 1.6 g/t
Recovery 94%
Production estimate = 416,000 x 1.6 x 0.94 / 31.1035 = 20,115 oz
Costs
AISC coming in at A$1,395 for June qtr, all based on the admittedly pretty broad-brushed assumptions below.
March data from the April 28 release.
Hope the table shows okay...
Column 1 Column 2 Column 3 Column 4 Column 5 0 March March June Comments 1 A$/oz A$ m A$ m 2 3 C1 cash costs 1,123 16.8 16.4 See below 4 Royalties 99 1.5 2.0 Increases with production/sales 5 Corporate costs 38 0.6 0.7 Up 30% QoQ (its rounded) 6 Capitalised pre-stripping costs 441 6.6 4.4 Assume down one-third QoQ 7 UG sustaining costs 301 4.5 4.5 Assume flat QoQ 8 Total AISC 29.9 28.1 9 Production oz 14,920 20,115 10 AISC/oz 2,002 1,395 11 Cash costs (top 3 items)/oz 1,260 953 Hmm.. not sure they'll do <1,000 cash costs... might have another look there 12 C1 cash costs assume 10% fixed (A$1.68m), 90% variable and mostly driven by the stripping ratio… 13 Stripping ratio falls from 15:1 March quarter to 10:1 June quarter. 14 C1 cash costs = (fixed 1.68 + variable (16.8x0.9) x 11/16 (lower strip ratio) x 20,115/14920 (higher production)) *1.05, 15 all increased by 5% QoQ because… well let's be conservative….
Anyway, that's how I'm looking at it.
Let see...
Cheers!
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