"Bare (ed - sic) in mind that there will be many project costs that will be rapidly decreasing given the drop in commodity prices as of late."
... including interest charges around the Western world for funding the main project.
http://business.smh.com.au/business/shock-uk-rate-move-20081107-5jhp.html
Shock UK rate move
November 7, 2008 - 6:12AM
"3%, their lowest level in more than half a century"
Ordinarily, getting equipment, personnel, low interest loans etc all becomes easier, as do longer term commitments from people and loaners.
GIP has a guaranteed floor for the tantalum price and unlike many other commodities, the spot prices for niobium and tantalum are still doing well as demand remains solid.
If I'm wrong and most other pundits are right, Talison will even be getting a 80 - 100 % price increase for tantalum by around Xmas.
Under normal bank loan circumstances, these sorts of conditions could hardly be better for GIP, but who cares about that when something is "old hat", eh? I mean, who cares about profitability when valuing a company? ;-)
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