I understand what your saying with regard to cash costs. They...

I understand what your saying with regard to cash costs.

They will be able to pay their wages etc.

However mines like Mt Dove being used up and then closing down are more than simply a Taxation mechanism!
They are real assets, or at least they were!

It is a bit like having a chair business with a 100 chairs which you bought for $100. At the end of the year you have sold 40% of the chairs for $20 and 10% which were slightly damaged for $5!

The Picture looks fairly Grim!

Not if your AGO management!

HIGHLIGHTS
We sold a record 40% number of chairs!
We also sold 10% of the value chairs!
We are Cash Flow positive to FY15!
We have established a new $100 loan facility which is fully drawn!
We have $25 cash in the bank!