Psi1 - there was mention of extending the life of the mine at Ferreira for another three years - until end 2013 (see AGM report - page 11. "opportunity to acquire adjacent resources has potential to extend mine life to 3 years")
Worth remembering too that the wash plant & coal processing facilities & 1.2mpta rail siding at Ferreira are going to used by Penumbra, which is very close by.
I'm quite happy for the company to buy in coal, as long as they are making decent profits on it. From what I've heard, DT drives a hard bargain, so I'm sure that the coal we're buying in will be at the lowest rates possible. The fact that costs are still around $75 shows that current bought in coal is indeed profitable.
CCC Price at posting:
60.0¢ Sentiment: LT Buy Disclosure: Held
