General Discussion AGY, page-20146

Puna Mining can also be contacted via their website if you don't have a stamp.

Here's a basic assessment

Say by June Puna are producing at 50% nameplate (1000tpa) with OpEx settled at US$5m per quarter (US$20m pa). The cost of production would be US$20kpt in this scenario.

Its impossible to predict what price JZ will be able to acheive but it's clear either operating costs will need to dramatically decrease and or AGY need in excess of 50% nameplate and or the commodity price needs to increase to be making a profit margin.

I can't see a CR being avoided unless we charge gym fees. It's a negative comment I know but is frank and perhaps something that should be considered?