This risk was always there. When PRU released its "master plan" to reduce per ounce costs about a year ago, if you worked back the figures to yearly, I found their costs went up on an annual basis. and the cost per ounce only came down due to PRU assuming higher plant capacity and therefore ounces produced. While a bit deceptive in my view, in any case the real result was always going to be at the mercy of plant capacity and breakdowns. (As I tried to explain to my "knowledgable" broker)...So issues with a fire in the cyclone nest, a substation failure and it hurts me to be right in this case.....
Best thing they can do is start to blend in higher grade finds ASAP.
This risk was always there. When PRU released its "master plan"...
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