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29/08/10
18:10
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Latest H/Y reports:
Extraction costs, copper, per pound including credits:
PNA (PanAust) .................88cents/lb
OZL (opencut)..................49.1cents/lb
OZL (Underground - estimated).125cents/lb
Figures from the Half Yearly Financial reports available at their websites or Commsec or ASX Announcements.
Any claim that costs could approach $3.00 / lb is without any foundation whatsoever.
Including Cobalt and Gold credits could easily put extraction costs below $zero. The DFS will clarify that.
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