Well, greedy, I do not know what the costs of production are but they are different from the first endouvour at production.
According to the annual report:
In order to mitigate risk on US dollar denominated ferrovanadium sales, the Company has put in place
foreign currency call options at 86 cents, sufficient
to cover 75% of the Company's Australian dollar
costs for the first three years of operation
to December 2011.
It is going to take AXO a long time to get there in this financial climate.
Funnily enough, Dominion had Balla Balla and gave up on it many years ago. The management of Dominion are very astute, but then they might have been looking for something else.
I just do not get why you guys who support ARU and AXO take it so personally.
well on track, page-3
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