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26/06/12
14:51
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>At a cash cost of $A20 in gold adjusted terms we are talking a cash cost of A$1,156 per ounce.
That is before other costs are added to it so it would actually be far higher than $1156. Cash costs from the most recent presentation averaged $21.
Then add:-
Mining cost A$/tonne ore
~$7.00 - $8.00
Processing cost A$/tonne
~$13.00
This total's another approx amount of $20 costs on top of the 20-21 cash costs which would mean another $1156 costs to add in gold terms.
That means that this gold mining company has total costs of $2312/ounce just using your metrics SP.
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