Theyve been cutting costs for years. I think it was 5 or 6 years ago they moved out of thier fancy toronto head office to cheaper accomodations among other things. Saving a million here or there is immaterial as you accountants say. Pathetic token gestures is what I say (im an accountant too) And yes there is a reason the accounting profession uses GAAP. Its the only way to show wether or not a business has a long term viability. A company that year after year after year...even in times of high nickel prices keeps showing a loss...this is not a sustainable business. But im sure they will find a way to keep going....probably steal more money from the bondholders