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paulinspace

25 Posts.

5

21/07/23

14:10

Post #: 68911176
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Originally posted by WoodySpoon: ↑

@Masha1965
Not many tier-one deposits of anything left to be found in Australia unfortunately. And those few there there are will continue to be a prisoner of sky high capex, skill shortages, EPA delays lasting literally years, and finally the aboriginal industry increasingly putting their hands in your pockets.

All in all I think the risk is more in Australia at present when it comes to mining exploration and development. Though obviously it depends on the specific juristiction in both African and South America. To balance that there is the incredibly conservatism of investors here - that sees projects here quickly over valued - so I guess it's mostly a matter of timing when looking to make money. Get in early and out of Aussie projects post DFS as they are highly likely over valued by then, and get into them in Africa post DFS and hold for production because they are likely undervalued.

How I see it now FWIW anyways.

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Whats an aboriginal industry? Perhaps not quite the right terminology. And after what Rio Tinto did then who can blame them for wanting to benefit from the pillaging of their land. You reap what you sow.

LLL Price at posting: $1.14 Sentiment: Buy Disclosure: Held
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