matt747 can you please stop running down shares
you dont have any shares but you love ramping this stock down
you must be a short seller ?
are you
go read some information
i help you out a little
Cash costs are still much higher than either Mirabela or the market want to see, despite coming down very slightly from $US7.42 a pound in the December quarter to $US7.37/lb. But the miner is sticking to its target of bringing cash costs close to $US6/lb by the end of the year -something it hopes will be aided by its recent decision tocut about 100 jobs in Brazil
C1 cash costs of US$7.37/lb
– Cost reduction programme underway with organisational restructure removing over 100 staff positions
#World class nickel operation with a 22 year reserve life and potential to expand
#Targeting production of between 19,000 and 21,000 tonnes of nickel in concentrate in 2012,
with C1 cash costs expected to move towards US$6.00/lb by year end
Achieved ramp-up goals in 2011
– Completed mine pre-strip
– Completed the plant upgrade to 7.2 Mtpa on budget
– Upgraded the mining and drilling fleet to 40 Mtpa capacity
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