positives from mon failure

One major positive for TTY holders is that MON situation has demonstrated to MK that you cant live in dream world for ever. The hard cold facts of economics and breakeven do come home to roost. Dont worry is not the first failure in the gold mining game View Resources also went down.

The problem is 2-3g/ton doesnt cut it any more because breakeven costs have risen substantially.

Hopefully the MON issue will be the catalyst for MK to realise its now a very differnt game in the gold mining business and for many other marginal mining businesses.