Ann: Update on settlement with Rizhao, PLV 44 and Silver Fir, page-29

""( if PLV cant mine on an island and make 'some' money even with IO at $70/t and a sliding AUD... shut it down! )""

Actually ST, if the AUD dollar is sliding against the USD dollar, it is better for our bottom line.

For, if we are getting $70 USD dollars per tonne, it mean that, at 83 cents US, we will be getting approx. $84.50 AUD per tonne of ore.

The point is, and something which hasn't been discussed in these threads, is that there is some Royalties which will have to be paid to the State Government.

Usually and IMO, those royalties will be calculated at the net profits which could be of some help to us though. It all depends on the Individual States and their own rulings on calculating the Royalties payable to them.

Dyor!!