VCN 0.00% 11.0¢ vulcan resources limited

1st announcenent not good 2nd good, page-28

  1. 755 Posts.
    The main concern about feasibility is probably 'long term metals prices'. I believe it is unlikely demand for metals generally will slacken for a few years yet. Also the USD is plummeting and likely to stay down for quite some time. Metals prices are indexed against the USD. Therefore we are unlikely to see metals prices back down anywhere near lows (before the current boom) for at least several years. Therefore it is unrealistic to think that we will see anything like 'long term prices' for several years yet, if ever. So I wonder if the FS grossly undersestimates earning capacity of Kylylahti.

    All my opinion of course... maybe I'm just being optimistic.
 
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