Yield,
In hindsight (bloody beautiful thing isn't it) the signs were there in the last QR where they indicated a positive reconciliation of the first gwalia stope mined against their model.
Whilst a positive in that instance, what that indicated was that their grade models was sh$t, something confirmed by this QR. Only wish I had picked that up earlier - just goes to show that you really do need to go over the detail in any report, whether positive or negative.
I think I'll be steering clear of high cost gold producers for a while! Like others are saying, there are better, less risky gold plays out there still with substantial upside even with a flat POG outlook.
lift, page-48
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