GREY:RNKLF - Post by User
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pierregon Apr 07, 2020 9:34am
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Post# 30886079
RE:RNC on SeekingAlpha,"RNC Mineral's Amazing Turnaround"
RE:RNC on SeekingAlpha,"RNC Mineral's Amazing Turnaround" Excellent in depth article. In addition to this, AISC will likely to be significantly lowered in Q1 '20.
Paul Huet with key AISC information on the Q4 '19 Conference Call.
My transcript:
Paul Huet: « Some of our AISC was impacted by the equipment we bought. So, we actually rebuilt a truck for about 1.4 - 1.6 M$ which impacted it. Then, we also did about 3 M$ into pre-stripping and we have to expense that all up front because of the shortness of it following the World Gold council. So, there's probably close to $100 an ounce in ASIC there on equipment that we're gonna use the next 5 to 7 years on some pre-stripping that we had to expense right up front. So, it would be close to that number. »