ShareNovis.... look at the MRE announcements dated 7/08 and...

ShareNovis.... look at the MRE announcements dated 7/08 and 8/08. Both state the C1 cost of prod. Importantly the 08/08 briefing emphasises how MRE prod costs peaked in May/June and many inputs including Sulphur, fuel, wages rises, and staff numbers have fallen. The best news is the AUD has tanked 18% since its peak about 6 weeks ago. This will go straight to MRE bottom line. I expect C1 prod costs to be about US$4.20-4.40 by Decemember. Current Ni price is US8.40/lb. Having no debt is big bonus. Hence, i feel $1.00 is SP bottom. I will certainly buy more if it dips below.