I don't see much happening in the next couple of weeks until the Federation DFS is released around the end of the month. I assume some instos will start to buy in anticipation of seeing some good numbers.
Been watching a lot of Diggers & Dealers presentations this week and everyone who is building a mine/plant was talking about the steep increase in costs. Some CEOs were saying how relieved they were with plant newly finished. One said their new plant would have another $100M in costs if they were to commence construction now.
I can't see a brand new plant being built in light of these significant rising costs. Additions to the Hera Mill will be my bet.
All the best.
KKR
AMI Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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