RE:Bad and mitigating newsI very much hope you are right that the bottom line will only drop by about 5 million. I suspect it will be far more than that.
I would be happy with any positive net income this quarter. Hopefully I am wrong about a lsignificant amount of mining costs being fixed, and not variable, hence when production falls or rises significantly so do AISC. Haile did almost twice as much production in Q4 last year when AISC was 1753.
I understand there are a lot of factors at play regarding the reasons for the low production, but I would be pleasantly surprised if AISC was 1753 at Haile for this quarter.
Gold was down a bit, copper was down a bit and Haille was down about half its production or the company somehere 15 to 20%. If OGC is only down 5 million from 2nd Q ( still not bad), then I am going to be doing some buying.
Guess we will see in a few days and as I said I would be very happy if you are far closer to the mark then I.