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Hi Charles,

Yes the Sally Mallay BFS was done at $US3.25/lb. The current price of $8,000 tonne is equivelant to approx US$3.60/lb, so still plenty of fat.

I have a personal view that any mining project Macquarie gets behind in financing is always a good one. They dont near the risky stuff.

I agree with you re breaking of 31 cents resistance is important. It looks ready to take a tilt at it soon.

cheers
AC