sinclair startup this fy 6000ktpa ni, page-7

Jojo,

Patience from here on. Over the med/longterm the 35+% prdn growth will count, but short term Mr Market will be very erratic.

Regardless of good/great announcements by SMY, MCR or others, very hard pressed to see a better growth story than JBM, with such ease of growth. MCR grows, but it works very hard to stay still and it's growth is great credit to mgmt, but for JBM failure to grow would require gross incompetence.

Still like nickel, and low cost nickel sulphides in particular. Also like WA as a mining location. Have concerns about copper, and about sustainability of fiscal terms for Cu in South America.

Currently in watching, waiting mode myself. A few oilers needing close watching, but believe the main game is shifting to gas and renewables. ASX oilers as a group don't find oil cheaply.

Very hard to beat JBM atm imo.

EL