SFX 0.00% 33.5¢ sheffield resources limited

Opportunity knocking, page-39

  1. 2ic
    5,868 Posts.
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    That's fine, you are not alone in your opinion I'm sure.

    From a different background to you, I have a different view and isn't that wonderful... it makes a market.

    +100 page DFS documents are all well and good for saying how economic a project is. When banks etc do years of due diligence and agree to lend at very high gearing for a project that is even more encouraging. Money talks, BS walks right. Yes, ultimately when private money tips in their equity, unsecured unlike the banks, then the deal is done.

    MRQ is where right now? Oh, that's right, the very early speculative, pump and who knows stage, where the inconvenient reality of economics, feasibility studies, license to mine, bankers willing to risk their capital in Africa are a long way ahead before even starting that cooperate partner search. I know why you aren't worried about the long term, you will have sold the hype and be long gone as I suggest.

    Cheers
 
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