RE:RE:It all about cost..Swan Zone coming, and then #4 shaft after that. Both will increase production ounces, but also lower AISC significantly.
Northern Territory operation will add to profits, as well, though on a more modest scale. E. g.; Maud Creek PEA has an IRR of something like 116%, if memory serves.
Macassa has an ocean of ~20 g/t ore, and the potential of much more under the historic mines heading back east towards town.
Repeats of Swan are probably the main uncertainty, at the present time; in terms of possibly lowering production and increasing cost. But 1) every sign we have so far is positive in terms of other locations (e.g., Harrier, Robbins) changing to quartz with VG as exploration gets deeper, and 2) plenty of evidence already for at least many years of ~20 g/t ore at FVille, even if we don't find more "1 million ounces at 60 g/t Swan Zones". 4-figure ore grades make exciting press, but oceans of 20 g/t are real cash cows as well.