'sundance closes on new partner, page-8

" Another 100MT of 60% FE IO won't make a lot of difference to opinion. The company needs to show it can get a cashed up partner in on the deal and not much else is going to change perception."

I would have to disagree with that, because I think that is what possible partners are holding out for. All CAPEX and pricing models are based on DSO levels about 150MT above current figures, so if those DSO figures were reached, potential partners would then be confident in the CAPEX and price modelling calculations.

I think this is why they are re-commencing drilling. Another 150MT of DSO would mean 4-5 more years of DSO mining with higher profit margins to pay down the CAPEX quicker. Another 100MT-150MT could be a very important piece of the puzzle.