") is this project going to happen as per management projections?"
Ikhutch - We all certainly think it will as do the 3 cornerstone investors who have put in over $200m at prices from $3.60 to $4.
You may not know that they have ticked the boxes below and are having their crushing plant operational by December this year !
Mining licence approved - Yep
All the rolling stock trucks, excavators, dozers etc bought paid for on site and working as we speak digging costean trenches in prep for mining. - Check
Port facility at townsville for shipping - Yep
Rail spur for loading of the concentrates - Yep check Armando.
Concentrator plant , rollers and full steelwork for plant ordered and $30m deposit paid = Check
$145m cash in bank - Yep
Bulk tests showing grades in line with the EIS application of 100000 ton p/a significantly above the JORC conservative resource estimate - Yep
I could go on ! LOL - yep its going to happen -as Joh used to say dont you worry about that.
Hoot
CDU Price at posting:
$3.38 Sentiment: Buy Disclosure: Held