SRN 7.14% 0.8¢ surefire resources nl

Ann: Surefire Resources Managing Director Interview, page-13

  1. 1,660 Posts.
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    I don't see that at all Sasha. As a shareholder in SRN I can appreciate the history lesson, but I also see that you have not mentioned at all the plummeting V price when everything seemed like all systems are go with TNG in a past company update. As we all know if what you are pulling out of the ground costs the same on near of what they can sell it for then most projects wont get bank funding or even get off the ground. I also see they had mentioned in that update that they experienced solid price growth in the V price over 24mths from $3/lb to $30/lb. I see when PB stepped down the price was just over $7/lb. That's an almighty drop. So it looks on the surface a little unfair to not mention this major factor. I could be wrong to as I don't really know the history of Tng.
    Couple of questions though.
    Were they using the exact same leach process for extracting the V at low cost avoiding the traditional dry roasting methods?
    Was the ore going to be processed off shore for a very low cost?
    Did that project have possibly available up to 75% funding at low rates and terms? Which we all know is the heart of any project getting off the ground
    Would that project been able to stack up at even current V prices like this one does?
    Was Vision 2030 around then?

    At the end of the day no matter how good the numbers sound, FUNDING is the key, and SRN have very much opened that door.

 
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