Cost blowouts seem to be getting worse across the industry and...

Cost blowouts seem to be getting worse across the industry and that’s when you can get staff. Seeing some big blowouts in the AISC from a couple of the goldies who have just reported.

Despite the huge optimism of some on the LTR threads that their cost blowouts are noted I think one would have to be very sceptical that they won’t be a lot worse towards the end of the year. They are placing a lot of faith in DSO sales to bridge the funding shortfall, not sure timing will cover their shortfall when cash is needed. If DSO sales are so attractive I wonder why CXO hasn’t put more up for auction, would that be too much of a distraction to getting the DMS plant finished.

Pretty handy though being so close to production, just need some resource upgrades and significant mine life increases. Drilling results soon I hope.

Pundits are really starting to take notice of PLS now, nothing like rolling in cash with CXO ready to join the club.

Patience everyone

Just my thoughts

Rayda