I likened it to "Salt Lake Potash" and fear the same may play out with this one as a risk.
Big capex, heavily financed, new industry and will be with cost overruns(above contingencies), couldn't hit name plate outputs and the potash price even when it was elevated in 2021/22, just couldn't recover costs.
Let's hope the mineral deposit is what they say it is, and not just porked it up to get the finance.
This one has similar risks, and Nd price is headed for the gutter after covid.
All imho.
I likened it to "Salt Lake Potash" and fear the same may play...
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16.0¢ |
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