as to the first .....things (GOLD PRICE) change I imagine is why !
as you've pointed out , to avoid C&M RMS would have needed to either have acted on the cutback or found another ore source months back and shutting down has been inevitable for a while .
But unfortunately it has taken til now for the GP to give them (presumably) the assurance they need for the cutback .
Sorry ....not convinced that only 266oz will be recovered at this current GP at all ......but RMS will crunch their numbers ......certainly including the cost of restarting the mill, and as Patron said , if they DO decide to go ahead you can be pretty certain they will make money out of it .
So we will see (SOON ?)
Just as an aside we are seeing , as I'm sure all here are aware , a BIG weakening of nickel in WA and with the smelter and Kwinana refinery both being closed ,perhaps some weakening in Li , should take some presssure off gold miners in terms of finding employees and perhaps in other ways too .
Ann: Noosa Mining Conference - Company Presentation, page-8
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