Here it is , ahhhhh,
You guys....of course SIR has the lowest AICC AISC costs based on the DFS assumption at $450M capex, 2017 mine start, decent NP in 2017, low staff costs in 2017 excluding any budget overblows, higher wages and expenses, higher costs for stranded electricity/water supply nowhere within coooey of anywhere ....now its easy to estimate with dart throwing before you have built or hired the UG miners...
WSA though has been producing for years and dropping its aicc aisc now down to $2.23USlb dec QTR based on NI grade double that of SIR and less than half your debt and 1/7th of your capex with its own mill already built and with offtake from BHP and Jinchuan.
WOW SIR MC rockets up $120M, sorry but not unexpected from me, there has to be numerous more discoveries in that area. Thsi means MORE CAPEX spending yeahhhh...forget $450M in 2 years, more like $900M...if the WA Govt and Aust GOVT cannot balance their budgets for years or build infrastructure on time and on budget in CBD areas, what chance has SIR got in stranded norseman? 1% maybe.
Lets see if the shorts come back in to cap at $3.10, maybe soon again, it has to clear $3.10 convincingly to confirm the uptrend, the triple top is upon you in the next few trading days, dont think the traders and hedgies and your banking darling buddies dont see what we are seeing.
Its not nice is it, getting some of your own medicine, you SIR guys come onto other NI sites, buy cheap shares, rubbish all the try hard smaller stocks and sprout your wet dreams but its not fun listening to REAL criticism that is logical, fundamental and technical based and accurate.
Reality spews. Like the teenage boy above.
