musings, page-12

ok rocketeer, but try this for size:

KIM corporate presentation 9 Sep 2004:

At 4.7mtpa throughput, cash costs were forecast at $10.45/t and profits at $2.8m after tax.

Now we hear they are $12.50/t based on June throughput of 1.5mt (6mt annualised).

And the A$ diamond sales price is significantly lower than forecast.

Sounds like lots more losses to me (and lots more equity raisings as the banks make sure they get their funds back).

But maybe Im not flying as high as you rocketeer and cant see the big picture????