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  1. Waldo

    Roxby Downs - Food for thought.

    So Angel, how is Roxby Downs treating you currently? Still feeling bullish? http://www.abc.net.au/news/2015-02-11/bhp-billiton-clarifies-olympic-dam-redundancies/6086256 http://www.miningaustralia.com.au/News/Redundancies-for-Olympic-Dam-support-staff...
  2. Waldo

    Roxby Downs - Food for thought.

    I'm definately no expert - I'm just concerned that after heap leaching, what is the processing plan? I know with the original expansion, the intent was always to ship off concentrate rather than refine. Does this new 'expansion' also involve shipping of concetrate? If so is the smelter &...
  3. Waldo

    Roxby Downs - Food for thought.

    As you say, total hoist may double. But from what I'm reading heap leaching = alot less people employed in processing? I believe the majority of the workforce is currently employed on processing, than the physical mining so the actual net change may be negative I'd have thought (I'm no expert in...
  4. Waldo

    Roxby Downs - Food for thought.

    On a bit more of a micro level: http://www.themonitor.com.au/news-articles/141119-bhp-billiton-reducing-costs Regarding headings, the rumours I've heard from friends seem to indicate that all the headings employees have been redeployed. As for the option to mine open cut - doubt they will go...
  5. Waldo

    Roxby Downs - Food for thought.

    Don't get me wrong, Angel presents lots of decent data, but at the end of the day the mines (and expansions) profitability it reliant on the copper price. For me its too speculative, but for the counter cyclical investor wit an apetite for risk it may be perfect. During previous boom...
  6. Waldo

    Roxby Downs - Food for thought.

    Significant growth in rental rates in the town are not going to occur until both the housing stock in town is taken up AND the camps get full. Remembering that even during boom times when capacity in town was literally zero (houses + camps), the yields where still very low for a mining town...
  7. Waldo

    Roxby Downs - Food for thought.

    Right, here we go. Dont forget about the large number of new camp rooms that was also constructed as part of the pre-approval spending. This has resulted in the majority of contractors moving from single dwellings back into the work camps. Correct - rental numbers are coming down...
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