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3,312 Posts.
39
03/05/11
11:07
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some companies go flying up just off potential future earnings in 3-5 years time.
CCC will most likely have to be in or close to full production at PEN and partial at DWC before it re-rates imo.
The good thing is we are much closer to production than most people give us credit for.
If you take ann's at face value, the PEN funding is in place and ready to go, so it is a very simple progression from now to production.
DWC still need the BFS completed, but it will be favourable simply because the DWC is much closer to a world class mine than PEN
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