zircon price market research, page-75

Hi Essa
very true about BSEs resource and you make a good pint about the quality of the resource. However for me it has always been an investment preference to be invested in resource companies with low debt or net cash as too often the commodity cycle can quickly move against you and debt never goes away and significant debt can become a big problem very quickly. I have seen many companies in gold, coal , iron ore Go from generating 10s and 100s of millions to being in serious trouble and diluting the company to buggery. Having lots of debt in an African jurisdiction also adds another level of risk as it weakens company and puts more control in the hands of African politicians. It is possible the company never experiences any of the above but for me I much prefer the higher level of safety and confidence IMA offers with the knowledge it can fund Atlas and Biddimina entirely from cash and cash flow if it chose