Esh,
Significant saving upto $39m in capex savings to end of 2017
Potential to save another $30m via lira hedging
Huge cash Tax credits of approx $80m against P/L in 2018
My understanding all results are reported in US dollars and 50k ounces forward gold sales is in place at just under $1,300 per ounce (minimal). AISC are estimated at approx US$800 leaving significant margin.
Have a listen.
http://www.alacergold.com/docs/default-source/events-presentations/fy17-results-webcast.mp3?sfvrsn=6
Ann: Announces Release Date for Q1 2018 Results & Conference Call, page-19
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