Quietly going about their business and maintaining focus towards mining.
Might just get that ML sooner than I'd anticipated...later this year or early 2011 was mentioned!
I also like this on page 29 regards the due diligence with interested parties via their access to the 'data room'. Looks like there's significant interest.
"We will consider debt financing, direct equity injections into Rocklands by a third party, finance linked to potential off-take agreements with copper smelters or even joint ventures with other groups. No option is being ruled out...but it must be in the interests of shareholders. With Rocklands ore commencing at surface and initial studies indicating strip ratios of less than 2:1 in the first 4 years, and still just 3:1 over the life of mine, I have no doubt Rocklands will be one of the most profitable copper mines in the world."
As I've previously said the terms of finance will tell us plenty about the credence of in-house data.
The above comments suggest to me it'll surprise many to the upside. Likewise a ML being granted this year! dyor
CDU Price at posting:
$2.20 Sentiment: ST Buy Disclosure: Held
