The writing was on the wall here for a long time, The numbers...

The writing was on the wall here for a long time, The numbers were there for all to see. Which has been previously mentioned plenty of times by many people.

Global oil price high which adds costs. Energy in this country is amongst the most expensive in the world. A flat lining Chinese economy has copper currently weak.

AR1 cannot survive in these conditions as a low margin, low volume producer. That is now the undeniable facts. Things now sit on a knifes edge.

Better debt will only help bandaid the present. The long term survival completely resolves around increasing head grade. Increasing volume as a minimum combined with a better copper price.