10 Billion infrastructure cost for ROY HILL hmmmmmm.
For a project this size the capital investment is not that unreasonable and there are many examples of companies spending far more than SDL, come on newbies do the research.
The current risk appetite in this low IO priced market is certainly impacting short term investment decisions but finance is cheap and the longer term prospects still mean that this project will earn billions of dollars and will easily pay off the debt, not to mention the IO prices possibly returning to longer term averages at around the time SDL goes into production.
The thing with SDL it is much more that just the IO and its massive and growing resource it is the development of the infrastructure and railway which is expected to open up the region. This is where we are going to be able to attract the funding. SDL may look at then selling the Port and Rail which they have alluded to in their recent presentation.
This project is going to happen
SDL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
