For sure, my assumptions remain what they are: assumptions. I do not know how much the company will produce, or what its costs will be, but I am certainly not being pessimistic. Management's own guidance for this year is for ~120,000 oz at Twangiza, despite the 70,000 oz produced in H1, so expect a drop over Q3 and Q4. Management's stated goal is actually to obtain steady production of about 30,000 oz/quarter at Twangiza, so I am just using that as a basis. Regarding cost, I don't think they will be much under 800 for the two mines on average. AISC was close to 700 in Q2 at Twangiza despite very strong production, and a drop in prod. of about 15% would bring costs up ~15%, so up beyond 750 actually. All this depends on sustaining capital etc., but I believe 750 on a yearly average is a reasonable assumption. As far as Namoya, it will most certainly be higher due to the lower ore grades being processed there.
But we will see. I may be wrong. This is just my best guess with the info at hand.
