I have a lot of respect for Peppie and his knowledge in mineral sands. I just stated what I had found in both of their presentations. We both can agree that BSE has a significant upside in the medium to long run (both of us are holders).
I didn't just compare BSE with SFX as one is focused on rutile production and the other hasn't yet delivered its first shipment. But I'm focusing on their reserves and their future market. For example, AGO was making a loss in June quarter but it did not stop its share price to jump. BSE needs finance to develop its Toliara project which is not coming online till Q3 2021. BSE and SFX are similar in that sense.
As for zircon sand, there is no other project coming online before 2022 as far as I know. Therefore, SFX's demand should not be an issue and let alone its superior zircon sand grade.
Also, it is very obvious that Donald Trump government plans to upgrade The U.S infrastructure. The reason why I'm saying obvious is that trump government has imposed tariff on steal and aluminum, which are the fundamental metals used to build infrastructure. With an infrastructure plan due to announce, I don't see zircon sand demand will drop as ceramic tiles will be used in airports, hospitals etc.
Just my opinion, I welcome different views.
Ann: Sheffield Secures Key Environmental Approval for Thunderbird, page-14
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