Yes, I can see the senario clearly now. After here we are in the Big Bird on the Rwy 16R ILS into Sydney after 14 hrs peddling from LA, Captain PF..........
Co-pilot: 220', I have the approach lights visible (or whatever you guys say).
Captain: Oh shoot! We only have 700 m vis, missed approach!
Yeah right!
Try:
PM: (at or approaching the minima) "visual" (or similar)
PF: "landing" (or similar)
Or
PM: (at the minima) "no contact" (or similar)
PF: "going around" (or similar)
Clinical, straightforward and simple. Not the rubbish otherwise suggested, there's not the time for that.