Quickbux - TU from me - you know every trick in the book. However I think you have to be careful to not be too cautious in appraising the announcement.
I'd be pretty shirty if they tried to pretend a non cash credit reduced their C1 cash mining costs or cash processing costs. Especially when they say on the next page that the C1 unit cash cost trending down: "driven by disciplined mining practices, increased Cu grades" with no mention of any type of credits for stockpiles. Obviously credits for co products (Au and Ag) is fair.
I imagine you may have seen it before. I still doubt that is the case in this instance. It makes sense to me that the results should show a gradual improvement, especially with dryer weather even if nothing else. They have decent amounts of cash - so no need to resort to desperate trickery (not suggesting they would resort to that). When the next quarterly comes out I'll be looking carefully for that sort of surprise.
KBJ - I think the point of this ann was to sing a bit. Have to wait for late November for the next quarterly.
HGO Price at posting:
8.8¢ Sentiment: ST Buy Disclosure: Held
