CMD 0.00% 0.7¢ cassius mining limited

I actually didn't have much hope for them to meet their 30ktpa...

  1. 6,320 Posts.
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    I actually didn't have much hope for them to meet their 30ktpa target anyway, so their achieving 22ktpa is actually not too bad an effort.

    But I can't see how even that will save them. They had a huge loss-making deficit to turn around and these problems with the weather won't be helping. Their opex costs will be geared towards 30ktpa in terms of manpower, equipment etc, and yet they're only producing 22ktpa.

    Add to that the fact that Sydney green fees aren't cheap and GLF is still in real trouble.
 
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