daytrading feb 22 morning, page-149

bsredoje

here's the thing so few who say what you said seem to not understand

SIR ran because it's costs $150/t to mine, but it's bog standard ore is $400/t+

same as RXL, or any massive nickel sulphide discovery actually

because the difference in ore value is sooo much greater than the costs to dig it out and process it

look at NMR... a gazillion tones of coal, and not worth a jot

because it'd be more expensive to dig it up and sell than what you'd get paid for it

big resources mean nothing if the margin of error [grade vr cost] is wafer thin - the project will not get funded.

it's too risky for a financier to spend $100m's on if with a 10% fall in commodity the project is defunct