They achieved $31/lb in the June quarter! It blew out to $35/lb due to problems with the processing circuit which caused lower production i thought you read the quarterly. It has been totally rectified so $31/lb should be easily achievable and the optimisation steps are in place for $28 C1 costs FY 2015 and $22/lb FY2016
The $U58/lb Auto is talking about is long term contracts which are attainable with the current spot at $43/lb - talk about naive! - no offence have enjoyed the discussion.
Looking forward to tomorrows trading.
SMM Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
PDN Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
PEN Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
(20min delay)