BND 0.00% 8.4¢ bandanna energy limited

sell down of springsure ck likely at end of yr, page-3

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    Thanks for those comments guys.

    Does anyone have knowledge of the economics of Springsure Creek? The article mentions $700m capital cost. What is the cost per tonne and the expected tonnage and life of mine?

    The CEO is marketing this week and I wonder what he is telling investors about this topic.

    Today looked like an institution getting out. It may be that as the market cap gets lower and lower, that mandates with a size limit have to sell or else they get a "please explain" from their compliance department. Just an educated guess.
 
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