It's true many do not see the risks, but many do also do not see the opportunity.
Trevor Sykes is a very good journalist - I actually prefer Two Centuries of Panic as some of this best work, or most recent example check out Page 41 of Fridays AFR. He has written quite a bit about another company in recent times that many thought was a one hole wonder , SFR.
The first thing you learn in mining is get to the bottom of the cost curve and stay there. If this turns out to be as good as many hope, grade will put this thing right at the bottom, it will be a world class asset that will generate cash low though out all the cycles - that is what we all look for. BTW , Ravensthorpe is an operation that is much lower grade and is laterite. Not Apples with Apples.
Will this be the one ? I don't know, but so far , so good. They won't struggle for cash, these guys know what they are doing. We are not dealing with management that hasn't ever done this before.
Heaps of Thrills and Spills to come for all.
Cheers
Baraka
SIR Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
