yea in theory of course, but Serena they didn't get financing did they?!
That's the whole point??!
At the moment they have IO...in the ground.... its by no means the greatest mine in the world...they have ZERO infrastructure, ZERO financing....and the IO price is at 5 year lows and predicted by many of the big institutions to stay that way for a while yet,
RIO, BHP & Vale are still bringing more onto the market next year which isn't going to help matters,
IMO Its simply a bad play, unless you want to wait a minimum of 4/5 years,
Cheers
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