Tell you what JT I will let the first slur slide so therefore it must be true. You're tipping the company will go into administration, bugger not 80 cents or 50 cents but a total wipe out. No viable transport options? I've shown what Osbourne's transport costs were in 2011 and can show you Sandfires as well if you like which is the same distance to port but you give nothing and just say its not viable. The only complexity Rocklands have that other copper/gold discoveries/deposits in the district don't is large native copper nuggets, studies were conducted on Osbourne to extract the magnetite, Gunpower wished they installed a cobalt circuit and if you're arguing that it not economical to extract from the ground when the first million tonne cost $10.50 a tonne you would get a shock with Ernest Henrys mining costs for underground to date. Use Sandfires mining costs per pound as a comparison and get back to me.
CDU Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
