GREY:VITFF - Post by User
Comment by
Human7on Jun 11, 2021 4:48pm
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Post# 33374057
RE:Embrace your defects or they might bite you in your butt
RE:Embrace your defects or they might bite you in your butt slamdunk, re the liners, I'm sorry I don't remember which interview, but if you're especially curious you can find one of the recent ones where McConnell puts times on how long the bad ones were lasting vs expected replacement times and how the problem was solved. He even talks specific materials. Might've been Crux Investing on youtube....
IMHO the rising cost of oil is a periphery issue to the discussion of how much VGCX is worth since it's an industry wide effect. You'd have to get into actual fuel expenditures as a line item and compare that between mines and their production... plus what kind of mine.
As I'm guessing you know, AISCs are calculated with assumed prices of gold and oil, even though they are both significant factors. On a quick google search I just saw an AISC for another mine calculated in 2019 and they did it at $55/bl of oil and $1500 gold.