Yes he did Iron King.
He even went on to infer that the mine will be making up to a quarter of BHPs profits once it is up and running. Which is 100mpta mine with a 4.6 billion CAPEX equation.
Its the same as saying that FMG will ramp up to their 155mtpa target on their existing CAPEX cost-base. Therefore FMG are worth $60. Ridiculous.
New posters this is the reality:
SDL HAVE RIGHTS TO STUFF IN THE GROUND IN A VERY UNSTABLE PART OF THE WORLD, WITH NO MONEY.
Be very careful investing as there is a good chance the deal with Hanlong will go through.
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