Ann: Request for Extension of Voluntary Suspension, page-11

Yep this is what they should be doing since they already know they can get $1000/t for it and the DFS price was closer to $700. Low risk steady revenue.

The problem is the cost base. They have spent over $150m in 3 quarters and papered over the cracks by drawing down the last $15m finance facility and doing the $300m CR. If you take out the $12m Tanzania thing as a one off they still spent $48m in Q3 after spending $48m in Q2 and $47m in Q1. Everyone knows they need to increase the throughput but even if they do that and maintain higher HMC prices with the extra capital, CR etc. they probably need to get the operating cost down to about $30m a quarter to make it work.