A dividend is unthinkable.Debt to pay off and a plant to refurbish first.However unless we have refurbished CT plant a 50 mill debt is also unlikely.
The key to foward plans is the handling of WT.If the rich western areas that we have now reached are not profitable our mining operations have to close. This will not be a disaster because we will have the option of allowing ABM to run Old Pirate through here and at least get a posotive revenue stream to help finance exploration.However demonstrating we can produce with cash costs of less than 700 would be far preferable, and give some confidence for the main game (CT) Nice if they could give us an idea of what costs are now development has stopped and richer grades have been reached. The silence though is not encouraging
TAM Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
