Now only 88 days to commissioning of the crushing plant
xxxxxxwwwww,
Noticeable by its absence is your failure to mention the commissioning of the crusning plant whose delivery to Rocklands is to occur in a few days.
Seeing you have been sceptical of it in your many postings,I take it you have lost your enthusiasm for criticism of the commissioning of the crushing plant after all it will be a CRUSHING BLOW to the naysayers.
Where has zzster gone with his $2.49 ? and where have the back up naysayers gone? Not many left now but they are not forgotten.
Wilgar will be a contributor to profits from Rocklands. Las Minerale and Rocklands South are the focus of attention. Wilgar is an important find but secondary to the main action.
Creating a separate company for Wilgar makes sense if there was the likelihod of a predator appearing. Wayne would thus secure not all of the pie would be eaten.
Wilgar will be mined .Your patience will be rewarded in due course.
Exploration has been cutailed from previous levels with 2 rigs mothballed . This is a sensible tactic as sufficient ore has been found to supply the plant for its first ten years of its life and beyond.
The focus is on getting that plant into production but watch out for an expanded drilling operation later .
The new block has been looked at and I sense an enthusiasm from Wayne from his fairly recent statement that it has the surface characteristics of Las Minerale. Expect action here .
In time, Your patience will be rewarded when the South West corner anomaly is drilled. It is a much larger target than Wilgar and will require I would think a vastly expanded drilling program.
In the meantime, the priority has been to find additional high grade resources to feed the plant hence the emphasis on Fairfield and other like targets not sufficient to warrant their separate plant but able to provide extra high quality feed for the first 4/5 years of operation and importantly if Wayne ups the ante and increases the throughput.
This is a sensible approach, typical of the way Wayne thinks ahead.
As for disclosing the budget , I can think of why this has not been done. There are contracts going to tender and ,if parties had the fore knowledge of the budget estimates,the tendering process would be open to abuse.
You, a NON SHAREHOLDER,are the only one calling for a dfs. =======================================I believe there will be some very embarrassed journos and others and very happy shareholders when the first production starts and that's another day closer.
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CDU Price at posting:
$4.84 Sentiment: Buy Disclosure: Held
