he determines ASIC $1132 (update $1300 ASIC with Mang fees inclused.)
FX charge is in video, have finished it now. So it realy was a huge loss on that, and where they said it was a gain was a typo. Those FX things go back and forth.
They should have said ASIC no matter what, BUT $1300 is excellent at this tonnage. How many hard rock mines are under $1300 AISC at their tonnage except for extra high grade mines? Maybe none. In 1st Q Nick did tell me that Jan holidays in SA really slow things down. So we should pick up 10% from that alone. They have equipment availibility problems offset by higher grades. But have to guess Q2 will be 25% better than this. If Mupane downsizes maybe they can buy some of that equipment.
Their ASIC should be $850-950 or so, near projections when they get up to 4,000 oz per Q. Katchum thinks 10PE this Q and 1 PE next year.
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