General Discussion Topics, page-128568

There is no way any mining company would mine a years worth of resource at a loss whether 100,000t or 180,000t. It just doesn't make any sense to do so.

I agree however C&M comes with its own costs and issues and the company is in position to carry a loss for considerable time depending of course on the size of it and the percieved outlook. Put another way they don't need to rush a decision IMO, just monitor it closely, there will be a cut off point somewhere that if reached results in a decision having to be made.

The current March quarter will be the first real test IMO as it has started with considerably lower prices than the Dec quarter started with.

Like you I'm expecting a reduction in production costs in the Dec quarter and again in the March quarter, the March Quarter should also see the worst of the capital spending on improvements at NAL finished.

Cheers Whisky