Ann: Half Yearly Report and Accounts, page-13

Tend to disagree, mining companies are all about the bottom line. 60% of Abra cash flows for 15 years would be a very healthy contribution to Sandfires NPAT plus they can right off all the pre development costs against cash flow. Also they are only 120km away so very easy to divert resources as required and it would allow them to maintain their WA presence. Plus they are expert underground miners in deposits of this size. My guess is they wanted 100% of Abra (post DFs) and we’re surprised when Toho came in early...