Does SXG have pilot plant? Does it have even maiden MRE? Has it done metallurgical studies? Has it done PFS? Does it have any off-take agreement in place?
The answers to all of the above questions is a big NO. And the market cap is $400mil and in fact was more than $650mil a couple months ago. I can throw you a few more examples but I won't.
So you are telling me BEZ has risks and other projects have no risks? You must be joking right?
HIO went from 7.5c to $1.05 before it dropped but you forgot to mention that. You only remember it dropped from $1.05 due to its management abandoned its 20mtpa DFS which no one can foresee, not you, not me, not anyone.
It is all about risk-reward.
You are probably waiting for BEZ to be in production to make it a compelling investment for your like. That's OK. But it won't be under $2 sp when it is in production that is for sure.
Whatever.
BEZ Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
