RE:RE:RE:High-Grade Mining Potential at Magino GoldARGONAUTGOLD wrote: If we maintain the strip ratio at 3.57, there’s a possibility that the AISC might reduce to US$800 per ounce. In my calculations, I’ve also factored in an extra cost for the installation of the underground shaft. My understanding is that the AISC for Island Gold is projected to be between US$875 and US$925 per ounce for the year 2024. This aligns with my computations for Magino Gold.
AISC of $800 an ounce the Oracle predicted when he held shares.
Now that he sold its more like AISC of $8 million per ounce.