excellent profit resuls, page-3

There is a bit of rose tinting going on here methinks.

The change in FY reporting periods mean the results are not comparable. The tangible asset per share is only because of the capital purchases.

There is a lot more work to be done here.

In reality all Zijin have done is move a chunk of C1 cost into C3. NGF continue to report at C1 level while the rest of the industry moves to reporting all in cost. (Norton is still up around 1350 AUD when you take into account depreciation as far as I know).

Dont get me wrong I think they are heading in a reasonable direction (corporate costs could be lower) but they are a way off yet.