At no time is there any mention that SNE is breakeven at $40. It's a going concern at $40.
At the early stages when costs were higher I saw figures between $23 at the lowest and $32 at the highest. We haven't had any exact figures most likely due to reprocessing of results etc but if they are stating a going concern at $40, you'd expect $30 or less breakeven.
Best to wait for official figures rather than speculating.... Then again, this is HC.
Maximum pessimism??, page-21
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