OTCPK:LRTNF - Post by User
Post by
Mojofredon Aug 18, 2021 2:51pm
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Post# 33724637
Sanity please
Sanity pleaseThey are not mining at a loss. If you do not know the difference between cash costs and AISC then learn. Cash cost are 1050 1150 , this is what matters in the short term. They are generating 650-750 in cash per ounce. Aisc is an accounting cost, includes non cash items, and only matters when looking at total cost of project over time. PGM is on schedule, grades are improving, and daily throug put is on track. They may need to raise a small amount of money during the fall as cushion but in July for instance they generated approx. $2.5 million in cash after variable mining costs.