That paragraph on GXY was very surprising. Only re-enforces that you need to produce 6%+ concentrate to get through slow down periods such as this.
Also, I read in the PLS quarterly that their DSO operations have been suspended. Mostly likely due to the present price and the AGO takeover. However, it does highlight the question of whether low-quality supply in China itself has become uneconomical at present concentrate prices.
Haplo
A40 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held