RE:RE:All in CostMany good points made here, both in your post and Cook's article.
One must be mindful that with Veris, the quoted 'cost of production', whether cash or 'all in', will be kept artificially low by including the cost to produce the gold from the toll milling.
It is much less expensive to recover an ounce of gold from high grade ore delivered to your door than from discovering, mining, hauling and producing your own.
Without knowing the details of the toll milling contracts, it is impossible to predict how profitable those ounces may be for Veris, relative to the more costly ounces produced in-house.
But the caution here is that actual cost per ounce 'produced' will always be higher than quoted, due to those ounces delivered in toll milling.