The DFS of SIR is already redundant within 1 week, what a...

The DFS of SIR is already redundant within 1 week, what a horrible waste of shareholders hard earned cash. They must have know of these new discoveries earlier as it takes months of planning/digging/ anaylsis to issue the results and did they not know they would issue the CR of $200M also before doing the DFS so early.

What a bunch of amatuers.They could have waited a few weeks after the CR and results of the other discoveries came out and amended the drafts based on new resources and included the Polar Bear resource with an analysis of how that could work and then issued the DFS with also amendment for the extra cash received.

This DFS is thereby an effective PR campaign supporting the roadshow to convince you to pay up for the "world class deposits" and convince friendly banks and institutions of the value of SIR who are falling over themselves to get shares at $3.80 totalling $200M cash so they can do some more roadshows and more DFS's which will likely be also redundant shortly after their issue. This DFS is not functional as to restart of the mine, cash to debt and the mine life and costs and even strategy for the other deposits will all change thereby. The next glowing DFS will likely be followed by another CR. Lets blow another $10M on consultants before we can even build a toilet.

The extra $200M is a massive raising but as shown with the previous largest ever CR of $500M of Lynas group it didnt help them long term as they burnt through all of it in a few years and got more debt and their share price is at 18.5c today 60%lower than last year and dropping daily and close to yearly lows. CR dilute existing shareholders and temporarily increase the cash pile but reduce share value. Another $100M - $200M CR likely in 2015 close to events such as start of site works or infrastructure construction such as basic roads, toilets, declines and buildings.

Creasy just like Forrest in Poseidon nickel will sit on his large 30% shareholding and wont participate in the CR and then get slowly diluted down whilst watching it being built without risking anymore of his own cash. Let the bankers and funds fund it from here.

I want to see serious infrastructure being built on the ground at the world class deposit and roads and declines and toilet blocks for the 100 workers. Less conversation more action.