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clock Created with Sketch. 30/04/20
12:18
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Originally posted by SaberX:
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this is grossly understating the aisc. I havent bothered to try and fully calculate it as we wouldnt know all the knowns. But they have told you already cash costs for march 20 qtr is $1,080 oz excluding royalties. You can't then have AISC lower than cash costs. That's straight away an integrity check that your numbets are wrong.
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Oh my bad, you're right, not all of the 440,000 LCM stockpile mined is attributable to this quarter. Last quarter there was 215,500 LCMs, so this quarter there was a 224500 LCM stockpile increase. Assuming the cost per LCM is static, about 50% of the $3.4mil stockpile cost is attributable to this quarter, or $1.73mil. That means the AISC is $7.356mil / 6905oz = $1065 which is not quite at the PFS figure yet but still quite decent in my opinion.
(20min delay)