have we got a ship?, page-107

Hi Henry, even if those AJM cost estimates are a few million out they are still considerably lower than A40, and based on A40 forecast for next quarter the production costs increase again to $42m. Perhaps that's the problem we should be focussed on.

I thought A40 costs were supposed to be coming down as we got into the meat of the ore body? But seems as though they just keep going up.

Also on this JV model, if the converters are under stress why will the proposed A40 JV be any different in your humble opinion.

Thanks