good use of cash at hand, page-20

Thanks for that Huge.

It looks like the Hillside resource is another P Hill. i.e. 100,000tpa for 10 year. It might cost $250m all up to buy and another $500m to build top notch plant and equipment, but all this can be funded out of cash flow.

It could buy REX with cash flow and buy IVA with the cash in the bank. (IVA costs of construction ext are $2.5B)

It could then use P Hill cash flow to build the facilities in QLD and SA and we could end up with a company producing 300,000tpa plus of Copper.

Of course dividends and share buybacks would be curtailed until 2015, but capital growth would be astronominal. (The NPV of the shareprice is $3.16)

Nice growth stratey for the company, but maybe I am a being a bit ambitous.

HT1