Well you actually answered my question about the 1000 contractors. I went back over your initial response.
"Development: I feel this is very likely to drop somewhat. The development is carried out by contractors so, with 1,000 now sacked, it would appear probable that this expense will reduce over the next few quarters. I am plumping for an outlay of c. $7m this qtr, which also happens to be their previous average development cost when they were producing at 25koz/qtr in FY11."
I hope your right mate. You could be right...this quarter will be extremely interesting. If they are really taking the pedal of development then I wonder what the future holds. Tough one. Still watching closely as I'm interested to see how it all plays out.
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