This quarters production was indeed low, i was expecting a much better quarter.
However i think the depreciation of the BRL from $3.00 to $4.00 would have had a significant impact on the reduction of the AISC which has not yet reflected accordingly.
As a result im personally expecting a much lower AISC which is contrary to what the market beleives (800-900).
I guess we will wait and see.
Massive Breakout Alert, page-240
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