funding options, page-9

From today's Australian

While it will need to secure financing for that long-term push, the group is well funded for the near term.

Its Baralaba mine is producing a positive cashflow and it has $10m cash, plus $80m undrawn from a $150m debt facility with Korean merchant bank KEB.

Credit Suisse argued yesterday in a note to clients that the sell-off in Cockatoo appeared overdone.

According to it, the company has sufficient funding to meet this year's funding commitments and investor concerns about increased Korean ownership had been removed.