Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-56

this sounds like a BLK thread already ...

last time I looked the Dec Qtr AISC was sub US$1000/oz vs year average of US$1,180 ....

this (account) is a statement that summarises the year ... we all know the difficulties the company had in the first half ...

rather than look thru the rear view mirror I prefer to see

“the company enters 2018 looking forward to the major tramsformation that will occur once the Tucano plant upgrade is commissioned in mid 2018. The completion of the upgrade will allow the Tucano mine to be fully optimised in the first time of its history. Currently the mine plan is constrained as a result of the processing plant only able to process a limited amount of fresh ore in the blend ...

In conjunction with the upgrade, the company has commenced a detailed efficiency and cost review aimed at reducing costs as the mine becomes more efficient with no mine scheduling constraints ......”

I can see Sprott’s attraction to this stock ...