We all know that Carrapateena is not going to start in the immediate future, so revisiting the SFR dilemma i see that everything is happening in 2012 re SFR's plant, open pit and underground development.
At $400 mill. capex for both would it not be prudent for OZL to wait until this spend is complete and then move on SFR taking into account that $1bill approx. would be needed now to mop them up and then we would have to spend the $400 mill ourselves to get the open pit and underground into production.
The way things are going re the Eurozone,USA and doubts about Chinas future growth may see the SFR share price take a bigger hit.
I'm just worried what our short term growth plans are knowing the time frames involved with Carrapateena.
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- imo ozl will move on sfr q4 2012
imo ozl will move on sfr q4 2012
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