No no... so if a company has an EV of $600m, the production is 200 000oz p.a. at AISC $1 200/oz, the EV/AISC-adjusted production is:
$600m/(200 000/1.2) = $600m/166 666 = $3 600/oz. So, the company is valued at $3 600 per production oz adjusted for the AISC. You pay $3 600 per oz of gold produced by the company.
No no... so if a company has an EV of $600m, the production is...
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