pro's con's & conjecture, page-5

Hoots

Asked the question last year how much was needed and the reply came back the amount with covering port and rail.
Unless it has changed (prob would have if he agreed to ridiculous quotes and listened to m&G )this would cover it.plus
Everyone seems to assume we are going to use the 100 million .Who knows we may use half.
I dont know where everyone keeps saying that those that have had faith in CDU and WM are totally against debt.
I think that is misleading (wanted to say BS but dont want you to take it the wrong way .Still think you a good knowledgeable fella).
I believe that WM knows the correct time to do share placement and the correct time to do debt facility.(difference there to debt)
He has it there to give the company backup to get to mining if he needs all or part of it.
If xtrata pull out of their deal with the rail we can go ourselves if needed.(no idea there).
I do know he wouldnt have the AGM at Cloncurry this year unless he had a lot to show us.
Looking forward to it.
With the way I do my thinking I want to know percentages and tonnages and how many years.
Have always thought he would get us to a great modern working mine so its just when ,how much each year and how many years I want to know.
the beauty with that is they are finding more so whats going on now will be a minimum.
Think they will have a much better idea now as they have mined and stockpile and maybe arnt into the richest material yet.
All good.