Sensible decisions have been made here both for shareholdes and the Broken Hill employees.
Metal prices will rebound strongly in the next half as other mining companies do exactly the same thing. i.e. mine higher grades, reduce costs and actual production tonage.
Global demand will soon eat into this reduced level of supply and we will see the obvious rebound in prices. It's that simple!
The super cycle is not going to go away!
Now is the best time to be buying into a good spead of mid-cap producers.
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held