Those who pay attention to the company's announcement would know...

Those who pay attention to the company's announcement would know that the company has said the opex is in the lower quartile of the industry, the median is $270/t.

Those who follow world affairs would know the market was scared off by the UN sanction to ban mining investment in Eritrea. This sanction was rejected by Russia and China and a watered-down version was passed. The Euro and US crisis added to the uncertainty.