re: Ann: Nullagine JV secures US$50 Million P... Hi Pat and Crashdummy, Reckon you got it Crashdummy. Xmas wasn't coming online until well into 2011. Now that it's to be fast tracked. BCI management probably think it would be a waste of money to build a heavy haulage road to Cloud Break rail head, only be used for 5 to 7 months. I guess the con is that production will be delayed. The pro is that BCI can place future opex now at $40 instead of $43 to $45.
Pat I'm with you. If this is the reason, than management should have said so in yesterday's announcement. If it is one thing that scares people it's uncertainly. Some people, (like myself), can jump to thinking that it's something bad that caused the delay in production.
Ann: Nullagine JV secures US$50 Million Project F, page-20
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