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31/08/22

14:13

Post #: 63434851
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Originally posted by 2ic: ↑

Hey no worries, thanks for your reply, i put it out there for consideration. Off to lunch so can't stay and chat but quickly on your points.

Nobody is perfect, but they did badly underestimate and implement Kwale development against budget and timeline. A learning lesson one hopes, but also a lesson in how often feasibility studies are too optimistic.... especially in Africa though Oz is getting much the same reputation now.

I never said the high price of zircon was "impossible" back in 2020, just that I am weirdly risk adverse for a stock punter and thought covid world would be more a recession than boom (clearly I was very wrong). Prices have kept climbing for multiple reasons. maybe 10-12 major new projects in the next 5 years depending on how things pan out.... the future is getting harder to predict lol

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I actually appreciate your output and sharing your knowledge on this forum. Generally need to take feasibility study with a grain of salt. I always apply a 50% safety margin with their feasibility study numbers. All the best with your investment！

I haven't see Peppie for 2 years since Covid started. He also had great knowledge in mineral sands industry. Did he pass away from Covid?

BSE Price at posting: 33.3¢ Sentiment: Hold Disclosure: Held
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