Deme, One of the best posts on this forum. Well articulated. It...

Deme,

One of the best posts on this forum. Well articulated. It would be great if you could educate the 'market' on these points . I think it is probably the first time we have addressed the in spot v cycle of POIO in recent discussions. And yes the current POIO is hammering the SP (among other factors), however TAW will likely have a mine life of 25 years + and as you state, the cycle will move to the upside. Couple a rise in POIO with great management and low cost production and a 10mil MC seems extremely lean for this project.

Mafew.