Ann: Results of Meeting, page-21

Disclaimer all (IMHO ) and math may be incorrect DYOR

By the time regular income through product sales starts arriving in the bank account , ( assuming it does in fact relist ) close to 3/4 of a billion dollars will have been ploughed into rocklands - on my numbers cash and contra deals close to $600m of that will have come out of Chinese investment .

The ore reserve is not to far away from that of Excos Cloncurry copper project - Exco had a mining leases and a DFS but they chose to sell the project for an upfront payment of $175m rather than go down the road cudEco have chosen - neither exco ,Altona or cudeco had a project that stacked up like sandfires in W.A

The previous M.D famously predicted copper would be $10 usd per pound by now unfortunately it's just above $2 at $10 per pound with the current ore reserve and a $750m project spend you might think about building a plant " might" but at the current metrics with less than 200k/t of in ground copper ( forget the cu/eq ) stuff the plant should go on care and maintainence after the dirt on the rom is processed


What a sorry state of affairs this has turned to be