Rob, Although it has been a while since I read the quarterly and I am not going to read it at the moment as it might taint my post.
So, the near term goal of 10000 oz of gold production for the current production is unusual in itself for two reasons,
i. it is a very round figure, suggesting it has been selected for its convenience in making calculations and not a reflection of what can be achieve in reality,
ii. it was announced in a paragraph which, in the main, talked about the goal of having average production costs of US$750 per oz.
Now couple this with our thoughts on whether some of the announcements are suppose to mean something other than what they say.
To me, the average cost of US$750 per oz has got to be put in the context of how much is produced otherwise it has little meaning, that is, as total costs are fairly stable and rise only slowly with increasing levels of throughput, to achieve the goal we could either reduce costs, increase production or a bit of both.
Maybe the announcement was trying to say, we will have the near term of goal achieving costs of US$750 per oz for a production level of 10000 oz of gold equivalent. If production is above this level then average costs will be lower.
A stretch, but I wouldn't be surprised.
T
- Forums
- ASX - By Stock
- I'm actually feeling optimistic
Rob, Although it has been a while since I read the quarterly and...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAU (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.96M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $5.427K | 271.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 242180 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.019 |
6 | 1111110 | 0.018 |
9 | 671446 | 0.017 |
7 | 1033676 | 0.016 |
6 | 1439500 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 242180 | 1 |
0.021 | 52631 | 1 |
0.022 | 724000 | 2 |
0.023 | 217391 | 1 |
0.024 | 320000 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
|
|||||
Last
2.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
2.0¢ | 2.0¢ | 2.0¢ | 66712 | ||
Last updated 12.16pm 29/03/2024 ? |
Featured News
AAU (ASX) Chart |