RedE,
Did it mostly for myself. Removed from me any temptation to buy until I see a pon story, or some fantastic high grade USNOB. That GMM deal in hindsight was fantastic strategic thinking from Moore, a really transformational get out of goal card. However seems they're still watched by the parole board.
Grades at Kambalda really seem to tell the cost story:
Lanfranchi 2.43% 6.34 A$/lb
MCR Sth Kamb 2.75% 6.14
MCR Nth Kamb 3.55% 4.69
Long 4.6% 4.25
Capex spend on the working mines seems to follow a similiar pattern, which with current slender total margins really opens up the difference between the mines.
I think Moore likely will find a high grade USNOB, then the game will change.
EL
chart - maybe time to go long?, page-33
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