what a bunch of, page-2

But isn't this about maintaining business viability by reducing committed costs for the next few years...now?

The risk for mine is that if they go on with the expansion plans their costs will be high in 2015 when they have finished selling into their gold hedge.

At least in 2015 after the hedge they can cope with a gold price of 1000 and still be ok as the cost base has reduced to 950.

Reducing their expenditure in a potentially lower revenue environment is prudent....pity the Aust Government does follow suit.

Should the gold price take off higher, they can always go ahead with original plans.

sents