Ann: Heads of Agreement for Sale of Waste Rock at Granville, page-174

I wonder at the cost in becoming 'owner mining', I have not seen the financial case of self vs contractors vs life of mine etc and what ANW has had to spend to do it all themselves, equipment bought? leased?

Long and short of it is a CR may well be required even with trucking rock around...I am not trying to downramp, merely stuff that has occurred to me since the news as owning equipment (If that is the case) is great but extra assets need maintenance, parts bla bla bla - this may contribute to the conservative price per ton margin?

Note that all the info may well be out there, I have not had a lot of time available for research lately so please feel free (OK, you don't need my permission LOL) to educate me. Upside is of course owning assets adds to company value, tax write-downs etc etc, but I am not an accountant (Thank goodness)

Cheers, AIMO etc