Hi Ausheds. All the best for the New Year!
You might want to read LYC's 14jun12 pres re Duncan deposit, projecting cash cost / Kg REO of $40.00, (noted as significantly higher than CLD, which has a cutoff grade for its resource estimate of 4% to 7%, depending on assemblage, implying processing costs of significantly more than the $10/Kg suggested for it, too)
Cheers