Post by
bossu on Jan 09, 2015 1:17pm
Seeking Alpha
Seeking Alpha in my mind is not the ''Bible''...!!!AISC was US 858 in the Q3 and for 9 months in 2014 AISC is US 861. In the Q3 LSG production was 45500 oz and Q4 was 43200 oz .They will probably show a slight increase in the AiSC will be around $ US 865 ,and the selling price for the year has been US 1200 /oz leaving a profit of $ US 335 /oz or 195,600 oz X US 335 = US 66.5 M and in Canadian 76 MM.So pretty good showing with the actual gold price!!! Sometimes we have to ask ourselves why Seeking Alpha make that kind of news.
Comment by
dastocknow on Jan 09, 2015 2:36pm
Don't worry, the lower oil prices will more than make up for the lower grade.
Comment by
jpgoldilocks on Jan 09, 2015 1:56pm
I actually like seeking alpha, at least they have writers making cases both for and against, more so like world king news and the like that only have guests making outrageous bull cases. Like it or not some investors don't like lsg, and its good to read articles making the bull case, in a thoughtful way even if I disagree with parts of them.