Z That 1.8 Mt is pre strip which has been completed for the starter pit there is no ratio, mining will have a ratio of 3.16:1 LOM. Altona's Little Eva project was going to have a pre strip of 15 Mt @ a cost of $21 million with a mining ratio of 1.8:1, better than ours but we win hands down with the costs of pre stripping. Also strip ratio also needs to be read with cut off grades and overall grades as this will effect the economics when doing the comparisons in which I think ours are better again from memory.
CDU Price at posting:
$2.10 Sentiment: Buy Disclosure: Held