wayne's letter , page-116

From that powerpoint Hooter, CDU's 81c/lb mining and processing cost is their C1 cash cost of production and doesn't account for ongoing capital, royalties, exploration, adminstration, overheads and T&C.

Their all in cash cost must be very close to the $3/lb mark for Wayneo to come out with his little letter yesterday and write it in that manner, even saying that they don't want to produce any more!! But what about the $2 dividends Wayneo? What about the "there's something big under there"?