Please DYOR. SZ was scaled back from talk of 1200-1500tpd to now 900tpd and forecast production of just 50Kozpa. When production occurs ~$A400m would have been invested, representing an abysmal allocation of capital, which should have been returned to shareholders instead. If/when Genesis and Vault come together I will be very happy, just a matter of time. I think Deflector and MM will be offloaded near the peak in the cycle. However, what will RF do with SZ? It's a new mine with easily a decade+ life and represents a toehold into the Canadian market for next downturn opportunities.
VAU Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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