if only rocklands was in w.a not qld, page-4

Surely CDU can get $200m based on this ?

Sandfire Extract


This will enable us to award the open pit and underground mining contracts and place orders for key long-lead items this Quarter ahead of the final DFS which we expect to complete during the June 2011 Quarter,he said.

The PFS shows that DeGrussa will be a high-grade, high-margin operation capable of generating substantial pre-tax cash flows in the order of A$330-350 million a year and rapidly repaying its capital.

Given the Projects technical and economic strengths, A$114 million cash holding and the strong outlook for the copper market, we are well advanced in discussions with potential financiers regarding funding options, and we are confident that a suitable funding package will be complete in parallel with delivery of the DFS