re: capex usd83 million for dairi
I wrote once some time last year about Dairi and nothing changed since (my opinion).
Dairi is located in the province of Aceh on north of island of Sumatra.For decades Acehenese fought a war of independence from Indonesia.Tens (if not hundreds) of thousands were/being killed.
Last few months saw a huge offensive by Indonesian army in the area,several massacres and other events so common nowdays.
I can't for the light of me see how anybody can invest tens of millions into such a mess regardless of hugely rich Zn intersections.
IMHO Dairi (if it ever goes ahead) would be equivalent to Bouganville situation,oldtimers will remember it,others take to history books.
Without Dairi HER is worth far less than 70c.
Sorry to spoil the party.
Regards
nous
HER Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
