The mining cost per tonne will be very important in a few years...

The mining cost per tonne will be very important in a few years time when a flood of IO supply hits the market. Less than $50 per tonne means the project can still be profitable but they would have to offset this with higher production imo.

Seems to me that with the strategy at Buena Vista to get to production by spending as little cash as possible, the news flow will continue to be slow next year. The full potential of the project may not be realised for a few years once they start exploring other areas funded by sales from the West Pit mine. This will mean less share dilution but imo this strategy will only pay off if they can fund the initial mine construction through debt. If they have to issue 50 million shares to cover costs then they would be better off raising some additional funds to cover further exploration of the high grades areas to give the share price a boost. Will have to wait and see on this one.