ASIC in AUD is completely irrelevant when you sell your product in USD and hold most of your cash is USD accounts. They only have to convert enough to cover admin in Aust.
One of the investment banks (MS?) recently put the ASIC at about 43USD from memory.
C1 costs are good and predicted to fall. It's the debt profile that is the problem and adds too much to the ASIC for Paladin as they have to pay for it out of their share of the ownership of LH and what cash they have left from financing activities.
IMO if they sort out the debt with a partial asset sale (eg of Michelin) they will be able to move forward.
ASIC in AUD is completely irrelevant when you sell your product...
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