Obviously there are no guarantees when it comes to mining projects. But management hasn't only timed and delivered this project perfectly, they also made some excellent decisions on the way (New Haul, port infrastructure).
So at this stage I much rather seem them reinvesting any profits and hopefully multiply the money.
I have nothing against a dividend but I don't see the rush. If a year or 18 months down the road they haven't found a suitable place to invest the $$, they can still choose to pay it out.
I would hate for them to miss out on a great opportunity because they don't have the cash.
FEX Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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