Yes, of course less metal higher costs. But the intrinsic link...

Yes, of course less metal higher costs. But the intrinsic link between gold price and supported strip and therefore rising in costs is sorely ignored by investors. A big driver for why so many gold producers go broke in a bull run, there's no substitute for thorough dd.

This is why a company like blackham still can't turn a profit.

I guess I'm just pointing out that people shouldn't assume AISC will somehow be rangebound

and yes evn AISC will absolutely raise in the long run for their open pits when they rerun their optimisations at the end of their current shells. If it doesn't they stop mining....