Of course it does. Where does that leave the NPV? We just don't know.
In the ore reserve update published on 29 May 2018 they say (on page 10) that NPV drivers are gold price, metallurgical recovery followed by operating costs.
On the same page they also say that the ore reserve estimation process was subject to a LOM A$1,600/oz gold price assumption so while the gold price remains strongly above this level the project is probably still a good play against the Australian Dollar as the NPV will be more sentive to the gold price than the operating (mining) cost.
Having said this an increase in AISC of $139/oz overnight seems like a pretty big factor in any NPV calculation. Esh
Ann: Quarterly Activities and Cashflow Report, page-8
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