The phrase the money [$57M + new $190M] "will be used" is the key - when, for what, how, why and where - the DFS is redundant and was a good PR exercise, these questions remain up in the air. Lots of cash did not help Lynas. They havent built a toilet for workers yet as the roads arent even built yet let alone the plant and mines.
A new DFS is now needed to evaluate the new deposits and the new cash on hand and detail a mine plan and infrastructure plan with engineering and logistics experts. ie burn another $50M on consultants without anything even built yet. So may other Nickel stocks are way cheaper with existing producing mines or dirt cheap valuations as stated by Petra Capital in their report in SIR of 22/7/14. So if SIR SP goes $4 to $5, do you think that is better than a small company going from 5c to $5 like SIR did before?
the easy money has been made on SIR 5c to $4, i would take that any year.
The phrase the money [$57M + new $190M] "will be used" is the...
Add to My Watchlist
What is My Watchlist?