The mine is going into care and maintenance until such time as a Finance is organized for UG mine development, so there will be no production in the coming quarter. With this in mind, the labor cost would be substantially reduced thereby loss reduction would be on the cards. Even if Cu appreciates to its Jan 2014 levels, not sure if they will keep the open pit running or move to UG completely. That said, If I were a miner I would generally go for the rich areas to mine, but given they are going to develop the UG mine the ore coming out is going to take some time. They should capitalize or plan in such a way that they are onto good grade ore when Cu is like 3.2/lb........the quarter after would then reveal true numbers with labor also factored in.
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