Appreciate the level headed conveyance of the risks, always more appreciated than a never ending circle of up ramping. I agree that a 2 year delay is going to hurt in the long run. FMG in particular has me worried for 2 reasons, one being the 22 million tons pa of 67% Fe entering the market in Dec 2022, the other being their near 50% cost blow out for reasons that will more than likely also affect CAP.
Also agree with Tran that this is the reason that we can still buy this at 14c (which I have done yesterday). Worth the risk imo.
CAP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
