I think Brantley covered the main risk with his posts, i.e the price of chrome. Remember that Ruighoek shut down in the past due to a weak price of chrome.
Chrome ore prices are heavily related to ferro-chrome which are in turn reliant on stainless steel.
Information from their presentation suggests that chrome prices would need to fall a fair bit before becoming uneconomic. If stainless steel demand remains strong then things should work out well. I would suggest keeping an eye on nickel, which is quoted on the LME, as that is heavily reliant on stainless steel as well. You might be able to infer strength or weakness from that.
Arttse also points out some less quantifiable risks esp the political situation.
There are risks for sure, but on balance, I'm a bull.
CCI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
