Trouble in Brazil

Hi all,

Can we have some discussion on how Brazil's Fuel and Truck crisis might impact on BDR's AISCs? I am unsure how a declining Brazilian Real combined with rising oil prices (as measured in US $) would impact BDR, its earnings as measured in AUD and profitability. I seem to remember that BDR now has access to 'grid' power, but heavy excavation equipment still requires diesel. How would a declining local currency affect costs associated with wages, other equipment, supplies etc?

Thoughts on this?

Cheers.