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Avion Gold Corp AVGCF



GREY:AVGCF - Post by User

Avion Gold Corp
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Comment by mtsuiton Oct 27, 2009 3:35pm
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Post# 16428571

RE: RE: RE: RE: cash cost $710

RE: RE: RE: RE: cash cost $710I think the cost issue is pretty straightforward.  Q3 costs were 12,500 oz times $710/oz = $8.9mm total cash costs.

A majority of those costs are fixed so if you spread the same cost over 20000 ounces then Q4 cost/oz will be $8.9mm/20000oz = $444/oz.

Therefore a q4 cost target of $500/oz doesn't seem unreasonable.
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