I'd be very, very suprised if a BHP employee was the Project Manager. My understanding is that John Winter is the PM and there is a BHP rep on the PSC - Project Steering Committee.
Re the SP. A few factors. Firstly, in the current economic climate there aren't too many people wanting to buy into species that are not producing an income. Secondly, mineral sands are not 'hot' like coal, iron ore, aluminium, gold, etc. So there's not much muck interest. Thirdly, the supply/demand ratio for TiO2 has been pretty constant over the years and not likely to tip demand-wise in the foreseeable future. Four, there are better buys out there - risk/return wise. Five, there are a scarey number of shares out. And then there's still that snake in the grass.
I can't see much interest until the demo plant is completed and running and producing income. If the Multiserve deal turns out half as promising as it looks - we could have way more cards on the table to make things interesting and entertaining - not all that far off...
cheer Lekki :)
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
