Your strategy of closing down Pacific Operations makes little...

Your strategy of closing down Pacific Operations makes little sense. SBM have confirmed that Simberi is making a contribution at the market price in their last announcement. Whilst it may not be paying yet its correct proportion of overheads and also possibly interest and depreciation it is paying some contribution. As I understand it the C1 costs of production are about $1,000/oz and it is only at this level that it is worth putting it under care and maintenance. Whilst the C1 cost of Pacific operations is above the PoG it is worth keeping it going but also putting maximum pressure to reduce that cost so that the operations support their "all in" costs which include interest, depreciation, exploration and central overheads.