1. BGL's AISC is quite high and not what I would call a low cost producer especially ally fir a high grade deposit - it is below average cost but there are quite a few producers with lower AISC levels including EMR & CmM which have a much lower grade and others with similar AISC but much lower grade.
2. There are a number of current producers who have much better growth in production than BGL and earlier. EMR production action is expected to grow by o er 200% by 2027 while CMM is expected to grow by over 100% in a similar timeframe and AISC may be inline or lower than BGL. There are others that have much earlier and better growth but higher AISC than BGL ie CYL and OBM
Onto to SPR - my view is that BGL's narrow veins are the reason costs are high - it's guidance pre production was an AISC about 40% lower than the guidance after commercial production was declared. SPR does not have veins but wide areas of gold - it's head grade for NN/ Pepper UG will probably be about 8g/t or more 67% higher than BGL. I expect SPR will have an AISC $1,500 or a bit lower but above $1,200.
Some stuff companies put out only tell be part of a story and can be misleading - this happens very frequently.
SPR Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
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