Focus on fundamentals

Record monthly copper production of 2,011 tonnes in April 2014, bettered in July 2014 with 2,061 tonnes and improved further in August with 2,283 tonnes. > Best quarterly operating result achieved in Q1 FY15 including production of 6,428 tonnes of copper at a C1 cash cost of $1.89/lb.

Excellent, could not be happier!

> On 12 September 2014, the Company was issued a breach notice in relation to a condition subsequent of the restructured facility (the Business Plan condition, relating to the development and operational plan for the Zeta Underground Mine). > The Company is now in discussions with its Lenders regarding options.

Zeta underground was the problem with bank.

I would like to stay with Bank and postpone Zeta underground. $3 lb for copper is too low.
Lets wait until demand returns.