Given that GlencoreXstrata are transitioning to a lean production model by cutting their contracts and becoming an out-and-out owner operator, it seems unlikely that they would (in the same breath) look at acquiring a project that has no ore reserve. Furthermore, the idea that Ernest Henry will "need feedstock for a depleting mine" needs to have a timeframe put to it. The mine has a life of a further 10 years, which could well outlast Rocklands given that Wayne has publicly stated that they don't want to produce at current copper prices.
CDU Price at posting:
$1.82 Sentiment: None Disclosure: Not Held
