Hi 2ndaofafew,
I would suggest the following answers:
(1) It should be >$45 lb and, IMO, PDN should play the same game as CCJ and not bring back production until the utilities are pleading with them to do so.
They should also be much more circumspect than previous management and protect shareholders via entering a % of production into LT contracts which will ensure that even if spot prices fall, the Company continues to at least breakeven on an AIC basis.
They can then keep a % of production from LHM exposed to Spot Prices for upside and bring back Kayelekera only when the bull market is in full swing.
(2) Cash reserves are c. $51m offset by $115m of debt (latest presentation).
(3) Argonaut estimate that the cash burn whilst LHM is idled is c. $13m p.a.
Cheers
John
PDN Figures, page-2
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