This is my take on current position Coronado finds themselves in. Even if they make a similar loss from OPEX as last quarter and spend $40m in CAPEX in 3rd qtr and $40m in 4th quarter they have plenty of headroom. That's my opinion of course.
Shit happens in mining unfortunately but I don't think it's as bad as many say. We are looking at shorrt to medium term. In one line we need cost reducions and met prices to rise (plain and simple)
Investors should wait 3-6 months to see if it all pans out. That's what I am doing.
Is it really that bad? @hagetaka, does capital expenditure affect OPEX? I mean are people taken off the OPEX side of the busienss and used in CAPEX or is it all contracted out?
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