Well I've finally bought in -I have been closely following and continue to invest in the Bryah basin / Sandfire developments for some time. I've also been watching RXM for a while and have visited the area. My reasons relate to proximity to labour and infrastructure, cost structure and the size of the project, money in the bank for more drilling etc. It will be very interesting to see how things go through the funding phase, however it seems to me that the objections that have been raised are fairly small compared to those of most comparable projects for example PNA's successful mine development in Laos.
I believe that it is a serious project which will take a while to happen but should give a good return to a long term investor such as me.
market cap $130m (heading). , page-33
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Mkt cap ! $342.8M | |||
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