SIR 0.00% $2.52 sirius resources nl

Sorry, no. Will not and would not want sir to buy pos even if it...

  1. 1,971 Posts.
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    Sorry, no. Will not and would not want sir to buy pos even if it is at half of market cap now.

    Asset in terms of mill capacity is great but what is left over in terms of ore is expensive to process and require higher garde ore to blend and make it more saleable.

    Windarra may extend it resources but require drilling. Sold the right of silver swan to another penny stock that requires raising of funds to pay for the purchase. Lake Johnston aisc is over usd 5 p/lb, marginal at best.

    So what is the aisc at sir again? Oh yeah, usd 2.09. Sir can produce at profit during any time of Ni pricing cycle.

    Is there risk between now and production? There is lots of issue can surface during the construction phase. But mark Bennett done it all before and now with igo who will come on board will add multi layer in experience of resources to the process.

    Sir, green light all the way. Even better if there is a bidding war.
 
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