RE:RE:RE:RE:RE:RE:About Bitcoin at $20,000... Ibuysilver4less wrote: Ahhh, All-In-Sustaining-Cost is the great fudge number of all time. A high AISC means that they are spending a lot of money, but is that gas money and wages? Or is that money spent on replacement equipment and infrastructure? That's why you need to look beyond that AISC number. They dumped all of their profit back into the company after many, many years of living lean. Smart. That means their future revenue will be there when prices are really high. Your next question of sales price/oz is the second misleading number in mining. Look deeper. It's typically an aggregate of base metals, silver, and gold - all on an equivalence basis. So, it's an averaged out number of many metals and many metals contracts. Also remember that they sell their future production through delivery contracts made a month, or months, in advance of when they deliver it. They don't always get the best price in a rising price environment. In fact, they can't. No one really can except JPM. For SOME reason they ALWAYS get the best price. Read between the lines. Welcome to running a mining company. In my opinion, this company is FINALLY being run correctly. Many, many, many good moves over the past two years.
Very good analysis. Thank you.