hi gk,agree. while the ann was no good and the sp perfromance is...

hi gk,

agree. while the ann was no good and the sp perfromance is not surprising, end of the day the ann did state that it is economic but not at long-term metal prices. may be a case that they have to approach it in a different manner since the drop in the $US wasnt factored into the project. so, it may be the case that they have avenues to pursue to reduce the costs and make the project viable at long-term prices. like you, i wonder what metal prices they used and what exchange rate they used. plus, it did hold up in frankfurt as u say and only started dropping when the Dow futures start sh*tting themselves. Hopefully just a case of panic selling today together with the drop in dow. good to see that the $ is coming back into it