It’s all about spod prices if they remain sub $1k no mine will be operating and no new mine will get funding , especially if they are not tier 1. Gina will be the one that steps in. She won’t be paying $3 anymore but a lot higher than the current SP. LTR will be producing while Africa, Canada and the rest of the wannabies linger.
It’s not pretty, but atleast our management is willing to step forward and tells it how it is, opposed to hiding behind suspensions.
Ann: Project and Funding Update, page-178
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