SDL sundance resources limited

the problem, page-28

  1. 1,404 Posts.
    Wescott,

    What dont you get. It cost cutting.

    http://www.sundanceresources.com.au/media/17290/09122008-asx%20announcement-completion%20of%20first%20stage%20exploration%20program.pdf

    ---

    it is appropriate to scale back drilling activities on site. This will significantly reduce expenditure over coming months as the Company moves to preserve cash during this current period of financial uncertainty,” said Sundance’s Managing Director, Mr Don
    Lewis.


    or maybe


    http://www.sundanceresources.com.au/media/16585/final%20-%20itabirite%20upgrade%20program%20update.pdf

    In parallel, the Company has reduced drilling expenditure given that its itabirite exploration target has now
    been achieved. Three drilling rigs ceased operations as at end of October 2008 with resource definition drilling
    to continue using the three larger rigs on site. These rigs will initially focus on in-fill drilling at the Mbarga
    Deposit to increase geological confidence and convert Inferred Resource to Indicated and Measured status.
    This will result in significant cost savings and ensures prudent management of the Company’s cash resources.
    Sundance had cash reserves of $32.7 million as at 30 September 2008.

    ___
    You are saying the people are ready wanting to invest 3 billion into SDL at a drop of a hat. Why so worry about being prudent in spending ?

    Unlike you wescott I can quote my source.

    _________

    So please with the 20 bucks !!


    "If you are asking me to prove the source of the cost of $20.00 per tonne and strip ratio of probably less than 0.3 to 1.

    I can. It was a 24 minute presentation by Peter Canterbury with slides.
    I have given you some clues.Now use your common sense and street wise skills and look it up"
    I have looked it up and it costing alot more then that.

    Is that $20 per ton to just to extract the ore ?
    or
    Process the ore
    or
    Transport the ore ?
    Or
    just to dig it up ?

    When did it happen ?

    Please go the extra mile in doing research, as it seem we have to keep second guessing your research points and point of orgin.

    This sounds like the same story as last time.

    Lucky I am here for to correct you from mis informing people again.

 
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