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clock Created with Sketch. 16/11/23
14:21
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Originally posted by 2ic:
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Coburns exploration potential is zero, but the Amy Nth resource that was excluded from environmental permitting and the mine lease is the 'extension case' upside that STA have been hanging their hat on. Amy Nth was excluded primarily because the EPA had concerns about water mounding causing damage to vegetation outside the mine path. Obviously STA haven't yet set the EPA minds at ease regards water mounding risks so far...
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I notice that a fellow mineral sand miner in WA, Sheffield Resources is now going on a run. Reading their latest corporate presentation, I feel like I am reading the last Strandline presentation at Diggers and Dealers. I wonder if SFX will go the same way as STA? All of a sudden racked with problems and need an urgent capital raise and then another after that?
(20min delay)