The price for Zircon is on the up and up anyway. (note only a small proportion < 30% of the Zr goes into the manufacture of Zirconium and zirconium chemicals). Most of the rest is for ceramics and tiles.
The threat mentioned by Dr Sakalidis is if the AUD strengthens past 80c US. that would start to detract from profitability.
Seeing as the consensus is it should go lower some say way lower eg. 65c. I'm comfortable with that.
Glad about your sensitivity Womby you (we'll) be rewarded big time. IMHO.
George also pointed out the pant being erected and run is the same one operated in SA by the same guys pre- the merger. That further reduces the commissioning risk. (We were discussing CZI and what a hash they'd made of it).
