I agree, Hans, well worth a punt. If Posco falls down, then it appears there are other financing options that have been developed. Presumably, there may be some delay in getting one of these committed, as against if Posco go ahead, but if one can wait, it would seem that one way or another, the mine should be built, even is it a bit later than we all hope.
It just does not seem likely that Coburn will be left to wither on the vine, given the resource there, and the confidence expressed in it to date. So, yes, well worth a punt, and if Posco doesn't sign, then surely (albeit with some waiting) then it will be financed by some other financier.
I'm with you, Hans, and punting. Mind you, one would think there would be some upward movement now in the share price, in anticipation of a favourable outcome.
GUN Price at posting:
11.3¢ Sentiment: LT Buy Disclosure: Held
