Top up or miss out, page-1832

Agreed. Intangibles are important. But in some way or another those intangibles while they may not directly show in a cost $ item early on, they have to eventually flow through as some form of benefit So either way the company will do well (or not) as a result of said intangibles, you just may not be able to quantify it immediately. For example great management vs sleazy management, who eventually will be come apparent as compensation and short term incentives come to the forefront.

That said - you mentioned investing, and part of that does require having a hard look at the AISC numbers. It is early days indeed, but i wasn't necessarily saying it should be hitting the sub $900 AISC now. As i mentioned though earlier you would need to be trading in and out to have turned your 78k from the recent lows to the recent highs into the purported number. And trading is albeit different to investing for myself. Not that i wouldn't take advantage of prices to do both A $ in the bank is still $ in the bank.