Had a quick read of the assumptions for FY17. AISC $1375 per oz...

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