Ann: Letter to Shareholders, page-52

Union is very big i do agree. thats why they made the upgrade (actual downgrade potential a while back) I am most certain of it this. Will try find where i came across this an old specs/ann or activities report.
Also dont get to caught up about Cosmo's cost to break even, this is because they are a very deep development extensive mine. Most of their costs are from stope, ventilation requirements and exploratory development costs. AHK is near surface open cut, can't really compete in price with that!
I am trying to read up whether Cosmo has any stockpiles to validate my speculation of a "planned" decision.