SMM 20.0% 0.4¢ somerset minerals limited

is higher grade copper coming .., page-11

  1. nsh
    812 Posts.
    on the contrary I'm extremely pleased with the way they talked about costs:
    the contributing factors:
    - 3rd party ore purchases which have now ceased. (tick)
    - large decline in US dollar (something they can't do anything about)
    - hiring external consultants to address costs (tick)
    - improving grades (the report went some way towards describing this and provided data - I don't know how you missed that)
    - reducing head count (tick)

    I don't care if they didn't mention a target number. In fact, considering two large factors in costs are energy and currency - things that TMR has absolutely no control over whatsoever, I think mentioning a target costs is like picking a number out of hat. They've stated how they can address the things that are in their control, and to me, it looks good.

    Are we reading the same report?
 
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