the end of the financial world, page-2

Minara's nickel/cobalt operation is cash flow positive at current prices (~$30 MAUD), and probably would still be at $4.50 US/lb nickel and $32 US/lb cobalt (0.65 USD/AUD). The problem is that consolidated expenditure is some $70 MAUD/half year, leaving a deficit of $40 MAUD/ half year. Closing the operation would be silly imo, as it would make an expense out of an income source and leave the cause of Minara's cash deficit unaddressed.