All that wait for what? Let's revue this DFS real quick;
-CAPEX for stage 1 ONLY has blown out to $4.7 BILLION! from $3.6. That is a blowout of 30%
-CAPEX for stage 2 is estimated at a whopping $3.1 BILLION!!!
-The production upgrade to 50Mtpa did not materialise, so it's at a measely 35Mtpa
-No mention of a FINANCIER.
-No mention of the JVP that so many were alluding to on here.
-No MINING PERMIT granted!
At the rate that the CAPEX is growing, this may well be in the TENS OF BILLIONS of DOLLARS very soon.
Anybody worked out the cost/ton on the CAPEX yet?
Have a look at the spin on it all. CAPEX has blown out to $4.686 BILLION, but they round it down to $4.6 BILLION. Someone should teach them that you need to round it to the nearest didgit, not the one that you chose to support your spin. They say it's very positive, but can't back it up with anything. CAPEX blowout, no JVP, no Financier.
If the above is the best they could do, good luck getting to 55c, let alone the $1 party people claim to have booked.
AIMHOO, and backed up with facts as usual
SDL Price at posting:
51.0¢ Sentiment: Sell Disclosure: Not Held
