sorry to be a bull. But things may not be a dire as they seem.
Just looked up the company's most recent presentation at the Denver Gold Forum in Sept this year
ASIC costs '13 = A$1,283
POG yesterday = A$1285
almost break even
Plus three pieces of positive news
1. No debt financing until Sept '15
2. cost forecasts to fall in '14 to $1,200
3. Predicted POG in '14 = $1,450
Based on these facts the company is likely to stick around for at least two years
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- net debt load 4 142 000 000 = huge risk
net debt load 4 142 000 000 = huge risk, page-4
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