RE: RE: RE: suspending funding for expansion or Sounds to me like they have done as much work as they can on this program. They most likely have created a situation where they could mine, but at current prices it would be at a loss. The key term I like from the old news release is "operating flexibility in the medium and long term." Could it be that the flexibility has been achieved and this is the exercise of that flexibility?
In the face of economic problems that are affecting the entire industry, the company is preserving its' resources (both mineral and cash) for a time when it will be worth mining. I like the move as it looks as though the mine will be able to get up and efficiently running again on short notice. No point losing money in this market. The assets are money in the bank and it is better to hold them than to give them away.
Good move. Bleeding should be stopped and company remains healthy.