Armen January 25, 2023Speaking of miners’ reports: I’ve looked at several Aussie miners that reported last couple of days, they are kind of Ok (some), but far from stellar. AISCs marginally better, by low single %, but I don’t trust it because cash balances are lower, even though they say “positive cashflow”, “one-off expenditure”, etc. Overall I expected much better, given gold price in AUD. And I think current rally participants expected better too. But we can say that bleeding have stopped, if we want to sound optimistic.