Any production costs estimate - most particularly for U/G mines - should include the cost of sustaining capital. This reflects the true cost of getting to stuff out of the ground. Often it adds $100-200 per ounce.
So, I'd ask MK, what is the average cost, including sustaining capital of the Davyhurst operations over the next 12 months?
And then they've got to raise the funds and issue shares for Mt Magnet......
angus