So JB appears to be great at mining and exploration but longer term are we going to have money left over for movement of NAL into the downstream field?
We certainly won't if we are no good at mining, so mining is the priority and JB and the team in Canada are focused on that for obvious reasons, the other component is the price of Spod which they have no control over. Exploration has virtually stopped anyway.
There is plenty of time to fill the obligation with regards to a refinery at NAL, priority is strengthening the balance sheet and getting some positive cashflow and that will take the rest of this calendar year most likely. Neither JV partners are in a position to take on debt or unessessary risk IMO , the option is dealing from a position of weakness which is usually dilutionary.
We are currently living in a $1100t world not a $6000t World so you have to live within your means..the fact they are able to proceed with the full ramp up plan is very good news but it's still a difficult time.
Cheers Whisky
SYA Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
(20min delay)
