Sorry mate. He may have specified which rigs were still drilling but I didn't pick up on it.
Also on the infrastructure side the 900Ha they have purchased for the rail siding/loading facility outside Cloncurry will be the only facility for other mines in the area to access rail to port. Participation in this will be $5-$7.5mill/producer and carry a $1/tonne plus fee. This will be very profitable in its own right.
As the rail is single track with no passing provision the siding will allow the 1km long trains standby area thus increasing tonneage railed/day significantly. Negotiations with stakeholders is well advanced.
Cheers - Surfydad
CDU Price at posting:
$3.29 Sentiment: Hold Disclosure: Held