SB,
Where this is written....
" additional capital expenditure of $39.1m is planned in order to successfully commercialise the Rocklands Project".....
..I wonder what number they were using for the electricals, was it in fact the $12m instead of the $24-30m in quotes?? Which begs the question of whether there are other aspects that are also poorly planned for in capital spending. If so then we will find out on monday, hopefully.
I also do not hold your belief of cash flow positive by March, because of reason I've stated before, unless of course they are able to send a lot of good grades of primary ore to Glencore, talking 20,000t+/week to get there, and starting soon (these threads are getting me to hate that word ''soon''), as in straight back from holidays.
Given January is annual holidays, how would the road to Ernest Henry stand up to a really wet season from Rocklands site, or can it go all bitumen? After a couple of dryer than normal seasons, it shouldn't surprise anyone if a really wet one happened.
CDU Price at posting:
$1.34 Sentiment: None Disclosure: Not Held
