Maybe if your question was a little more intelligent it would be easier to answer.
The value of cockatoo has been written down because the JORC ore has been pre-sold and the drilling hasn't started yet. Hence the loss.
On an operating basis things are much brighter.
When the drilling has proved up some JORC reserves, the picture will be more rosy again.
Be specific. Make the effort to make some sense. You own the stock so why not take the time to make intelligent comment.
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