psi81, why do you think Johnstone and Magee will come in cheaper than Ooramina?
Ooramina cost ~$8.5 million. I understand they had difficulties there and it became something like a 50 day well.
Johnstone is going to be a 40 day well, so my expectation is it will come in pretty close to that ~$8.5 million mark. CTP have estimated they will spend $17.5 million this quarter.
Rayz, if the bond facility was no longer active, why do CTP keep it in the quarterly as a source of available finance. That to me indicates it is still active and can be used when required. See under "Financing Facilities AVAILABLE".
CTP Price at posting:
29.5¢ Sentiment: None Disclosure: Held
