i dunno how they plan on dropping LDI costs. They are working off of surface stockpiles and the big stockpile is 0.97g/ton. At $37/ton to process and a declining amount of Pt/Cu/Ni content, I can't see how they are going to achieve that production cost.
-This management team has consistently underestimated production numbers on both divisions
-This management team has consistently overestimated production costs on both divisions.
Take their guidance with a grain of salt and read the guidance portion from the 2008 and 2009 10Ks if you need convincing on how bad the forecasts have been.
I've followed this company for a long time, they have dug themselves a hole by some of the choices made in the last 3.5 years, I hope Pd prices hold up, imagine a world of $400 oz Pd and $1000 oz Au given where the current stock price is at today's levels.