what is the situation now?, page-5

I'm in for the long stretch. Done 50% already and I knew the risks. Given at least one finance broker is interested, although only to the tune of 20m it does give some confidence that a party might be interested, even a couple of banks.

As for your dilemma, that's the problem at this stage, without a clearer picture how can any investor make an informed decision? I checked another report just then and it indicated cash costs of $1.24/lb, 22/04/2008 Feasibility Study Presentation http://www.asx.com.au/asxpdf/20080422/pdf/318pjhsdwwwq2h.pdf
And the last presentation they did 11/02/2009 Rights Issue Presentation http://www.asx.com.au/asxpdf/20090211/pdf/31g01681zvn7ch.pdf
the cash cost is $1.20/lb. I found the $1.36/lb in the 19/11/2008 Sydney Mining Congress presentation http://www.asx.com.au/asxpdf/20081119/pdf/31dnz5crhtplc6.pdf

So like you I'm a bit lost. I know the variables would change based on market conditions but they need a consistent message to take to possible financiers and shareholders.

Maybe RRM's right, piss-up and brewery might be a logical management connection.

Next 2 or 3 months will almost certainly be the company's future. They need to kick a goal somewhere, finance, JV, cornerstone investor (China), otherwise, it's back to the penny dreadful days unfortunately (1c or less).