The world will have oversupply of IO within 24-30months. Aus alone has 20+ companies racing to get IO resources proved up and feasability studies completed. FMG planning massive expansion ahead of its original schedule (management there have emphasised need to benefit ASAP while IO price holds up)will only add to pressure. Probably, only 3 of the current non-producing prospects will ever make it into production. The race is on as funding and support for SP will dissappear when IO prices plateau and then fall steadily in 4 yrs time.
Knack is to choose an IO prospect that will be up and running before the others.
- Forums
- ASX - By Stock
- SDL
- funding
funding, page-10
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)