RE:It Was Obvious I guess we have understood your point by now. Your self-congratulations are unnecessary on a daily basis. This is what makes a market.. different analysis of a situation translating in different investments.
Yes, the AISC is bigger than expected. Difficult to estimate what part of the difference is due to bad estimates from the Cie and what is due to unexpected issues (no need to come back with "they should have know and so on..)
Production level and AISC are linked.. If one is not reached the other one increase.. So now the question is :
- are they able to fix the issues and reach the forecasted yearly production : Company believes it can
- would the AISC go down as expected : let's see but keeping in mind that Covid cost, energy costs, other factors could pusch it higher.
now my question to you is : what should be Victoria current value based on your assesment of the situation. Are we fairly evaluated here ?
My bet is that 4Q numbers will restore confidence and the pps... Wait and see.