Seriously? The AISC isn't a number pulled out of the air. It's the purpose of the whole feasibility study which is conducted by someone other than the company. Not sure I would be aiming allegations of fudging that.
As for using $1,300 - is it conservative? Nah probably not. However if you look at what most IB's and broker were forecasting as the forward curve for gold prices it was probably reasonable and may prove to be correct yet by the time we are actually selling gold into the market.
I would also point out that $1,300 at 75c is A$1733 (as per DFS) and $1,200 at 70c (as per current) is A$1,715 so it's actually not a huge effect on the NPV.
Ann: WAF Receives Strong Interest from Leading Debt Financiers, page-96
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