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CashedUpBogun

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02/02/15

21:30

Post #: 14685218
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Originally posted by tomboy ↑

Sure SIR will find another nova, bollinger, i would expect it to with that much ground and that much anomaly in that area, why not...hey lets say they find another 3 nova all right next to each other ..great, they need another $450M capex, that find will exptend mine life but the mill is capped at 1.5M Tpa...oh poor expansion planning, they will need to build more plants and more infrastructure, or get capped like WSA at their cosmic boy mill, crimped by lack of profits, low debt, high income, but lowring expenses and capex costs if they expand are BIG.

Lets take WSA s example.... they cannot expand much in their current milling, hence they go to daddy BHP like MCR PAN POS and others, problem is daddy BHP may not be there in 2020.

So another 3 novas wont save you bc you are capped in milling and BHP cannot add much more at kambalda north of novas mill. Sound similar to WSAs capping problem, at least WSA has production right here right now and costs lowered dramatically and is primed to cash in profit from a rising NP, SIR is not.

Expand

What makes you think the Nova mill cannot be expanded? Or WSA?

I've worked on a site which had a significant expansion project to deliver extra grinding capability and additional float cells.

You're kinda ignorant on the resource industry, hey?

SIR Price at posting: $2.60 Sentiment: Buy Disclosure: Not Held
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Local Acquisition, page-16

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up