what we fail to see sometimes...., page-4

Bermuda,

Aside from the obvious major upside regarding NCu and the "low grade' interpretation of LM in the jorc. What also impressed me during my visit to Rocklands in Sept was the preparation for mining.
As you've noted the trucks and diggers aren't cheap and lead times will be great for companies trying to order these now.
Likewise the ability to build project accomodation in the local town and keep workers together during construction and subsequent mining is a huge advantage to a new producer.

I believe the port lease was taken up when BHP failed to renew (suprisingly this can be common with a large multi national and often happens with exploration leases let lapse by mistake). However the work to secure it once BHP realised their mistake was extensive (over a 2 yr period).
If you ask me what a unloading, storage and loading facility at a major port, on a rail-line (from the mine)is worth to us now (not even factoring a 50 yr minimum mine life), I'd say pick a number between $100 - $200 Million dollars and you might be close....and that's just for the port facilities.
None of this would have been achived without someone like Wayne at the helm. Forget about MD's operating from a Collins or Pitt st address, even getting close to putting Cudeco in the strong postion its currently in. I look forward to the company maximising these advantages into 2011 and beyond.
Merry Christmas to all the long term holders, and welcome to the M&G/Vanguard investors.