Ann: Change of Address, page-50

Starting benchmark price for the first shipment was US$5.14
Starting benchmark price for 2nd shipment was US$5.35

There are many different benchmarks used and prices from different parts of the world vary considerably depending on impurities and accompanying metals. There is no one price fits all scenario here. Whilst it may be interesting what others are doing, it is not necessarily relevant.

Base case US$ operating cost was US$3.19 dropping to US$2.65
Even if our benchmark price has dropped...unsubstantiated...., and FOB costs have risen 150% this year.....also unsubstantiated...and we get no mineral credits, profits are reduced, but they are still there.


Have to remember this is the supporting cashflow, not the end game.