IMO...There is no excuse for not digging up the DSO at Antas Sth for future funding.
Tony Polglase has been talking about it for years..it's just dig and ship for approx $2m capex....AVB FINALLY has the trial mining licence so what are they waiting for?
Correct me if I'm wrong,but Xstrata does not yet have a seat on the board and IMO,they're only along for the ride....I'd say they only gave up Pedra Branca to satisfy the Brasilian govt's "use it or lose it" policy....Does anyone here know any different?
I don't know what the master plan is,but it now seems obvious to me that it's not mining.
Cheers all
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