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Red Lake cost appalling but I guess they deem it a work in progress - but is it progressing? They've had it a while now. High capital input to AISC.

They have AIC (All-in Cost) for the group of $1,732 but then a line under that for D&A of $896.
I'm assuming that is additional although I have always thought that AIC included depreciation and amortization, which are real costs even if a bit abstract. Real money has been spent in the past that is accounted for in D&A. If it's additional to their AIC figure, that makes the real AIC to me $2,628/oz and that's with the great negative boost to cost from the Ernest Henry contribution. So they've been making nothing?

BtL was warning about these December Quarterlies regarding costs and Covid - so far DCN and EVN have been poor, hoping NST won't be as bad.

not held

<blockquote data-quote="finicky" data-source="post: 1171850" data-attributes="member: 2104">Red Lake cost appalling but I guess they deem it a work in progress&nbsp; - but is it progressing? They&#039;ve had it a while now. High capital input to AISC. They have AIC (All-in Cost) for the group of $1,732 but then a line under that for D&amp;A of $896.I&#039;m assuming that is additional although I have always thought that AIC included depreciation and amortization, which are real costs even if a bit abstract. Real money has been spent in the past that is accounted for in D&amp;A. If it&#039;s additional to their AIC figure, that makes the real AIC to me $2,628/oz and that&#039;s with the great negative boost to cost from the Ernest Henry contribution. So they&#039;ve been making nothing?BtL was warning about these December Quarterlies regarding costs and Covid - so far DCN and EVN have been poor, hoping NST won&#039;t be as bad.not held</blockquote>

[QUOTE="finicky, post: 1171850, member: 2104"] Red Lake cost appalling but I guess they deem it a work in progress - but is it progressing? They've had it a while now. High capital input to AISC. They have AIC (All-in Cost) for the group of $1,732 but then a line under that for D&A of $896. I'm assuming that is additional although I have always thought that AIC included depreciation and amortization, which are real costs even if a bit abstract. Real money has been spent in the past that is accounted for in D&A. If it's [B]additional[/B] to their AIC figure, that makes the real AIC to me $2,628/oz and that's with the great negative boost to cost from the Ernest Henry contribution. So they've been making nothing? BtL was warning about these December Quarterlies regarding costs and Covid - so far DCN and EVN have been poor, hoping NST won't be as bad. not held [/QUOTE]

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