Cream rises to the top
Australia always does well in recessions as the outside govts use 'shovel ready infrastructure plans' to get the economy back in line. ( Ex. China IO ) To bad that kind of stimulus doesnt last long.
Giving Australia a tailwind.
Resources cost more to get out of the ground.
Less high grade DSO IO around, green intiatives activated.
SRN well placed with Perenjori.
RIO heading into the largest io deposit in the world confirm IO is required in large amounts and it is required now.. however 10 years from now there wont be a supply deficit when that mine is online.
Vanadium,
Large power consumption required to jump start the economy - more power = cheaper = more productivity.
Ex. Solar and wind farms require vanadium batteries to be cost effective. Vanadium will be in over demand near term.
Money is still cheap to borrow, and will be handed out alot more freely in time that an economic boost is required.
As i mentioned before a state of significance would be well placed for SRN, Vlad just needs to firm up resource sizes and undertake the PFS, DFS, BFS Route asap.
Lets get this show on the road Vlad.
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Cream rises to the topAustralia always does well in recessions...
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