WW1I am cool with the gap filling, actually I prefer it..The big...

WW1

I am cool with the gap filling, actually I prefer it..


The big picture is pretty big, long life, low cost mining.. They will be mining Cockatoo and Irvine for many many years. I reckon over 20 years.


Unless we have a huge fall in the price of iron ore, cash flow should not be a problem for Cockatoo, funding for the underground would come from forward sales and cash reserves I should think.


Then Irvine costs would be met with a combination of vendor finance and forward sales.


Cheers



P.s.. I stuffed up on the timing of the ship.. It gets in at 11pm Sydney time :)


That is about 3 and a half hours from now !!!!!! toot..