finance announced, page-29

I was thinking of Jantimots post of how much Rocklands will cost. Knowing that $100 million will see us to production I think you will find the majority of this will go towards mine development.

The company has stated we are capable of mining 10 years worth of ore in 6 years. You would of read the trucks are removing 33 000 tonne of material a day or 12 million tonne per year. If you think strip ratio plus pre strip the mining crew will at least a year ahead of schedule by the time production starts. The mining fleet will not sit around idle.

Now even if you be super generous at $5 per tonne this will account for $60 million of the $100 million. The process plant has cost to date $167 million. As of June we had $47 in cash plus Sino are kicking in another $22 plus the credit of $105. I'm thinking the process plant will come in around $230 million. Huge achievement for a 3 Mtpa plant