Had a quick read of the assumptions for FY17.
AISC $1375 per oz
Gold price $1700 per oz
Have to feel that is a long way from where it currently is.
Audpog currently $1550. That is currently margin of $175/oz
AISC drops to $1000 after 2018.
2017 could be tough year, if POG is $1100 - $1200 USD and AUDUSD around 75 cents.
That is AUD $1500 - $1600 per oz with margin $125 - 225 per oz.
Even on 100,000 oz produced, that would be 12.5m - 22.5m profit which is a lot less than anticipated.
Let's hope Gold goes up and audusd down.
Just my read.
dYOR
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