OTCPK:MEAOD - Post by User
Comment by
Goldflowon Mar 07, 2013 1:03am
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Post# 21092222
RE: RE: RE: I know I know
RE: RE: RE: I know I know Okay,then let's say it's $665/oz operating costs due to lower grade in 2005 Canadian dollars. Using: https://www.bankofcanada.ca/rates/related/inflation-calculator/, compounded 8 year inflation is about 15.19%, so 665 *1.1519, should put operating costs in 2013 to about $766/oz. Not too bad, though almost double of what the PFS says. However, everyone should have expected higher operating costs that what a PFS using a 2005 technical report says. This can still be a profitable mine if they didn't take so long to push this to full capacity. Patience is key though, in time it'll come :)