another update now out, page-4

I can see most here are the TA type... you know, looking for candles and the market trend to follow other peoples decisions rather than think for themselves.

OK, at the risk of having an original thought and putting it out there for ridicule if I'm wrong (please dont take this as investmnent advice and sue me) this Ark is sailing pretty close to the wind of profitablility.

Some of the assumptions made are a little generous, like AUD of $0.80 when it is currently 10% higher and CU price of USD$3.80 per Lb when it is currently 10% lower. They don't give raw figures for sulphur acid costs cause that might blow their cover..lol

Strip out the 20% overcall on revenue from the above two optomistic assumptions and NPV sinks to negative and net cash flow is cut in half. On these lower more realistic figures net cash is approx $15M per year before Admin, Overheads, Explorn, depreciation etc etc.

$15M is about 25% of the SUGGESTED annual operating costs which going by the bullish revenue assumptions is probably also optomistic. A 25% operating cost increase per pound metal due to lower than expected throughput, lower recoveries, breakdowns, higher input costs etc would make this puppy a csash negative loss maker. Not a lot of room for error.

goodluck