I doubt Buffet would have invested in any mining stocks. Grades are great here with very long intercepts from shellow depths meaning low strip ratios but something just tells me to hold off I guess its just lacking trust in the Saudi Monarchy. The $40M CAPEX is surprisingly low (chump change) I guess it can be no need for expensive power lines as can operate on cheap diesel generators with 30 cent a litre diesel and little overburden to remove means a quick start up They should be ordering a ball mill though if they want to get this project up and running I held off on FMG to just didnt trust twiggy 4 years ago which has meant I havent had to worry about high fuel costs for an Aston martin or supporting some ex model for a wife. will Stick with the old Subaru Legaacy and my filipino and less imaginative investments (ANZ CBA BHP)yer right!
CGG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
