SIR is trading now just like FMG after its 1000 bagger run in the early days 2c to $13 now stuck last 8 years $2-$6, even last year $2-$3 right now.
The 5c to $5 run 100 bagger for SIR is over..get used to it. Be realistic, the easy money is done, now you have to back up the hype with real mines and real production..not so easy, but you got the right guy to make it happen, Rob Dennis, NI mine manager extraordinaire.
SIR will trade like a mature bluechip $2-$4 until the reality sets in around 2016/2017 with cost blowouts, more CR, union strikes over heat and dirt, high debt burden, higher than any other oz ni producer.
You may call this rubbish but this is the path to real production..until you realise a dream into a reality its all happy days but the happy days are over and the real hard slog to produce is on...that means real expenses, real wages and staff, real plant breakdowns. Welcome to real mining.
If you think SIR is impervious to reality and real production issues then just have a look at WSA, MCR, PAN POS and the other Ni miners to show you the way, PAN 20c to $1 to 30c to 47c. if you think SIR will spike to $10 then you are dreamin. its been capped $2-$5 last few years since its bullrun, now $2-$3, maybe get back up to $4 on the expected offtake and grade results and building starts but then come the delays the debts, the expenses, the GST tax, the accountants and lawyers, the claims, the cost overrun claims from the builders, the disputes the lower grades, the higher costs.........
its inevitable. trade the range while you can before the reality of real mining sets in. SIR is no BHP, its more like WSA with no producing mines or working infrastructure for 2 years.
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