prominent hill update, page-38

mark - i'm puzzled by (but don't doubt) citi groups financial figures for 2008 through 2010.
if PH is up and running and from what the century mine boss said we should see profit in 2009 and 2010.
my recollection was that once the high grades at century were reached in 2Q this year then costs would be US 38c per lb so it should also be hugely profitable.

something is not right - banks not refinancing and lowball offer. i'm thinking all of the cash (last reported as $139m) plus the $140m bridging loan has been burnt plus their provisional pricing for copper is going to reveal further nasties.