Selling stuff for less than it costs to produce remains the ongoing problem.
Yes it's a problem for any commodity producer and can only be solved by higher prices but we've known that for a long time so nothing new there.
They have the plant humming along well with some very good metrics , the June quarter production was at an annualized rate of 236,000tpa which is a above nameplate. Overall no real supprises for me this quarter, hedging as expected helped mitigate loses. As already stated we simply need higher prices , I doubt production costs have much scope to get any lower in the immediate future...
By my rough calculations AISC is still around $A 2-300t away from from whats required to start generating cash instead of burning it.
Cheers Whisky
SYA Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held
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