One can't help feeling optimistic now - looking for a decision this year on expanding the plant to 90kt/pa of copper cathode from Kinsevere.
95% of the plant now in the hands of Anvil personnel.
They are forecasting 36kt to 38kt of copper production in 2011 - they are closing down the HMS plant this week and it would have produced around 7kt of copper in concentrates for the half year - so they're saying the Stage 11 SXEW plant will produce around 30kt in copper cathodes from May to Dec 2011(May produced 1.35t) - Ramp-up period is obviously expected to be over by Sept.
Mutoshi is wildcard/bluesky.
Corporate action to come.
Costs including royalties to be under $1.50/lb in 2H,2011 meaning there is $2.50/lb clear profit as interest/corporate costs are insignificant - you would have to expect $150mil in positive cashflow(before tax)for the half year to Dec2011.
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One can't help feeling optimistic now - looking for a decision...
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