Important to note (from my understanding) a decision on the 2.8b spend on the uranium processing facility will be made in 2012. Seems to me GDO's hands will not be tied over this issue as the Cooke operation will able to run at a profit without the new uranium processing facility anyway. With cash costs of US$1222 for gold ounces targeted to be reduced by 20% to approx. US$976 delivered into current spot thats been trending upwards for 10 years and arguably only getting hotter .
Then with a decision in 2012 on further capex of 2.8b into new uranium processing facility, cash costs for gold can be brought down to approx $US400 after uranium credits.
Hope my musings are not too annoying for those already well informed and with their head around things.
Cheers.
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Important to note (from my understanding) a decision on the 2.8b...
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