Profit not going to reduce debt till 2011, no divvies for a while I spose, and a mine that is too big for its surroundings and continually fighting against the community.
I really cant see how they think there is 30 years of mine life left, there may be 30 years worth of Gypsum left, but unless they enclose the whole site at Penrice I cant see them getting there.
Current local concerns are about polluting water table and still the dust issue. Weighbridge has been moved, alot more bitumen has gone down, but the overburden grows and grows. Really need to get more contracts for the sale of the overburden.
Regards from Barossa,
TCG
PSH Price at posting:
78.6¢ Sentiment: None Disclosure: Not Held
