production costs, page-3

Jojo,

Much more than that. It looks like they bungled the mining plan, they are just not accessing the nickel they need to pay their costs. Prices don't help.

I thought it was pretty clear when they first came out with prdn problems, severity made clearer when MD pushed etc.

Only been watching the past couple of months initially as a general scan for closures, then to see if there might be a bargain at the end of it. But given the latest info it looks like there is a much smaller marginal resource still requiring unavailable capital to reach in something like a years time.

Hardly the low cost mid 08 8ktpa + touted, regardless of the fall in ni and credits.

EL