Amazingly downrampers seem to have doubled down insisting production this quarter was "shocking" even when it was actually excellent.
Production up 18,183 oz.
Syama is on track for full production from June. Can you wait till June for a tier 1, fully automated, low cost, high output mine or is it too long to wait?
Tabakoroni performance was excellent. Given it's just started i'll expect continued excellent performance or a good chance it actually improves.
Now Ravenswood is problematic till it's fully optimised. Now what would the best possible outcome be for a higher cost mine? Would it be lower oil prices and an AUD gold price of AUD $1,800? Would that actually be the best possible situation if AISC remains high?
You can also throw in the likelyhood of further market weakness adding to golds demand.
Markets look forward. Prospects seem fantastic. This isn't rocket science.
Ann: Production Update December Quarter, page-68
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