Hartleys are definitely still on it, rating AGO as a Speculative Buy at 2.2 cents so says Trent Barnett, Head of Research. I wonder if he'd be an "average down" supporter. But he can clearly see a benefit with costs around US$50/tonne and discounted sales price of what (US$45*(57/62)*0.8) = US$33/tonne.
Hartleys - 26/11/15