have we reached the bottom yet, page-48

Mr Winters, in the May Investor Update, various hypotheticals are provided regarding grade, recoveries etc, it may be easier to perform your calculations using these figures.

At 80% recovery, 1.4% copper, 3000tpd, 25.14m lb pa is expected. At $3.50 cu, this equates to 25.14 x 3.50 = US$88M. Subtract from this a suitable cost price per pound of payable copper. I am unsure if there would then be other costs required to be subtracted or the extent of them. At 4000tpd production target is raised to 33.5m lb.

Also, shouldn't NP be used instead of EBIT? What would be a reasonable reduction figure I wonder?

If anyone is interested ABN was suspended for this:

User was Suspended (05/07/08 18:47) for this Post:
We are not sure who this member really is, but he/she joined HC just after the ANZ/Opes situation emerged. A review of this members posts shows that all have been made from proxy servers to hide the identity. The content of posts also strongly suggest there are ulterior motives to this members contributions.. A journalist or legal firm?....BD