Was not a figure of around $650 million mentioned at the AGM using 3% copper and $4 price?.
Whilst we have no start up time for gold production at Wilgar,I consider it will be an earlier contributor to earnings than Las Minerale and Rocklands South for the following reasons:
Plant has been purchased and only requires $10,000 electrical rewire.
Wayne would be keen not to see it lying idle.
The 2.5 million options at $6.50 issued to Peter Hutchison expire 31/12/2012 .
Your figures are based solely on projections for LAS Minerale and Rocklands South which is fair enough as we have not had confirmation regarding Wilgar but ,if my above thoughts on Wilgar prove correct, then
ZZZ'STERS dividend prediction has me thinking of the taxation I will have to pay --- not a pleasant thought.
CDU Price at posting:
$3.78 Sentiment: LT Buy Disclosure: Held
