RE:Market is over reactingThere are few things in mining that I'd label 'impossible' (because an infinite metal price makes anything profitable), but ... even if this AISC estimate was on-target as of the effective date of the NI43101, there will be 3+ years of mining cost inflation at well over 10%* per annum. Also, any streaming/royalty/debt/JV arrangements will reduce TV's take.
* Namibian inflation parallels that of its neighbour the RSA, where mining-cost inflation is near 14%. Your hope would be that byproduct credits shoot through the roof and massively outpace cost inflation.
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LuvtoInvest wrote:
... Rosh Pinah at an AISC of $0.67 ...