Hi Timoshev, thanks for that, that answers it, wont affect current year 9which is basically over) and next year they will just up thier production numbers elsewhere I suspect....
As for this year we already know that guidance has been lowered twice and that Lihir outage should cut revenue by 170M, now there is the problem of more heavy rain on the east coast of Australia which may also hamper miners, but time will tell.....
Gold may test 1500 in the near term which may also be a negative, as per usual the FX markets are swinging all over the place....
Problem with long term and I suppose that means a few years, is that in this market swings are becoming more extreme and its dangerous to just sit with so much leverage in the system.....
As market gave it back today despite a gain on the DOW (which didnt recover its losses) Ill go back into the cave and short the Gillard government :))
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