SMM 20.0% 0.4¢ somerset minerals limited

4000tpd here we come, page-9

  1. 3,701 Posts.
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    11340 tons, seems achievable to me.

    $2 a pound long term. What absolute rubbish. Any analyst who uses $2 a pound long term should be sacked. Eventually these fools will raise their long term forecast.

    Using $2 a pound revenue and $1 a pound costs would mean that almost all new projects would not be approved.

    Even a project as good as Oxiana's prominant hill would not get approved in 2010 based on these parameters

 
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