XTRATA.
BFS 12m,
IMO, incredible opportunity right now.
Why the sp low, sell off from placement.
Maybe there is a sentiment of things not happening overnight, but a chat with the coy,,,,the BFS is underway, and expected to take 12m to complete,
what does that say? Massive dilligence, and all the i's and t's of a project of this scale.
Now that would seem to some, as taking forever, and the impatient wont hang around,,,
but then,,, if xtrata say, yeah, we'd like a 40% stake in 1 million ounces of platinum a year,,it will rocket.
And all i know is, that what ever reason its cheap, the fact that xtrat are lining up to opt in, means this is not just fairy dust.
all great opportunities begin as nothing, missed, sold off, from all short term thinkers.
12m to the BFS, and then decision to mine/ JV and let Xtrata take the reins.
Dont expect it to remain at these levels, was at 30c before the raising,
expect better times to come.
oppies are cheap, and will fly when the the heads start to lift, in fact at 6c, too cheap, ought to be 10-12c with heads at 25, and two years to 35c stike imo.
cheers
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