RE:Raymond James Ruins It For Marathon GoldDearest Moose
There is this thing called inflation. Perhaps you've heard of it.
It's inflation that's taken the cost for a staff geo from about 350 a day when they did the PEA to maybe 500 now (or more). Inflation is running around 20-25% on most of the things that a mine needs, including the big stuff - crusher, mill, CIL circuit, mine rolling stock. Cost management is certainly a thing, and one that many operators do not excel at in the construction phase, but not here, and not yet. Management have not yet had a chance to screw up on that front, but they will in Q1 2024. (Have a chance, that is).
My only concern is that i'm sure there's a magic share price number where the board will not declare a production decision, and I worry that the current price is getting near the line.