what wasn't, page-13

I think we know the SP is down because costs went up and not down last quarter. Although much attributable to one off closure and maintenance expense.
I think we know the sp is down because they've invested into CRE whose costs are well in excess of profitable based on the status quo. FML are yet to make clear to the market its reasoning for takinbg over CRE and wat use of its assets other than the Oz in the ground. This will become more evident and highlighted once the takeover is complete.
....the sp is down because of general market sentiment.
....the sp is only down from its recently reached new highs but well up over the longer term.
Two bumper quarters to come in Cal 2011, stable gold price >AUD1,400. Dilution now complete for 12 months (post takeover).
Salt Lake mining has its risks but proven worldwide rain hale or shine but at what cost?