Good analysis Digity. But remember Posco is probably only treating Mahenge as an option. They also have options over production of Balama, Siviour & likely Molo and Lindi Jumbo. If demand is subdued they can pick the best. If demand is rampant they can exercise all options. They are likely playing a high return portfolio game where the upside of just 1 is greater than the potential losses onthe others. I am happy to play a similar game. Hold investments in BKT, SYR, RNU, NEXT & WKT. Returns on at least 1 will offset the others. And like Posco maybe all 5 will be required!
BKT Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
