RE:RE:RE:TV Hedging Arrangements firecracker, I trust management's "forecast" for Caribou about as far as I can throw it. Let's look at real results. The 2019 total AISC for Caribou was $1.17. Caribou is ALWAYS going to have problems, so using anything much less than $1.17 is unrealistic. Then you have to add at least $.10 for overhead for a total cost of $1.27.
Management has not proven they can reduce the cost of anything. On the contrary, costs keep rising. Zinc would have had to be $1.28 per pound in Q1 just for Trevali to break even. Bone headed management is horrible at meeting their goals. They disappoint and make excuses quarter after quarter.