what is going on , page-21

stefanis,

I think cash costs across ME and Cooke will be in the vicinity of $800 in 12-18mths and even if POG is back at $1200 GDO will be making hay.

Yes, the risk has increased but I really think that is being overplayed. I like the fact the debt funding will see very little, if any, dilution to current holders.

I'm a buyer because I don't think the story has changed in a negative way. I agree seperating Megamine was a good move but Cooke is not at 2-3km depth, its 600-800m.

Costs is the big unknown so only time will provide the answers...