Kloppers made it clear at the time that it was commodity prices and higher capital cost that had led to the decision ....i think the technology required to extract what they wanted was cost prohibitive on a scale at that time.....Olympic dam will go ahead ,there is no fear concerning that , just when commodity prices are right and extraction costs can be brought down.....on another note i know some drillers down there who did find some extremely spectacular results in the gold assays ....capped for a later date . ...As for the funding of IRD it will be a wholly chinese affair , they dont need or require australian banks participation on any level....
IRD Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
