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STA.... Here We Go!, page-15

  1. 9,303 Posts.
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    Good read, thanks BG9106.

    SFX hit the $100-150million mc range off the back of their NAIF backing and an incomplete set of off takes. That was in a much better market than we currently sit in (BSE and IMA, producers have halved in the time that SFX has tanked). Thunderbird is definitely larger than Coburn but Coburn has a better representation of the higher quality more valuable products and I would say better institutional support and offtakes. To me that says that at some point, some time, pre construction Coburn will get $100-150mill mc and then from there, on back of production I see $200-300million mc. When? I don't know! These things tend to take time to play out but move in jerky step changes, we may be in the first of these changes now.
 
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