Problem is that SBM are a high cost producer with the Pacific mines still needing investment (although most has been expended). With the PoG droppingat current levels Gold Ridge is unprofitable and Simberi marginal. Only Leonora operations are profitable and their is a big need to get down overheads to turn in an overall profitable operation at the PoG levels. If the PoG increases then SBM sp could go up rapidly but that is a big "if".
southern cross sale, page-3
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