SIR 0.00% $2.52 sirius resources nl

NP forecasts are for a spike from june to a peak end 2016 then a...

  1. 3,322 Posts.
    NP forecasts are for a spike from june to a peak end 2016 then a sharp drop 2017 when those Indonesian chinese built mills x 30 come on line in 2017.

    Yes I own 3 ni stocks but no way not sir or igo not at $1.8B valuations, I will take my chances with no debt large production with real mines and real processing plant producers any day instead.

    I read jlh state I invest in cheap high grade producers, until that mill n mine is built in the rich blackhole in the nullabor in 2 years then you will see the reality like cost blowouts, time delays, cashburn, litigation over contractors disputed variation claims union demands, wife demands, baby crying in a hot donga, more money, more food, more...

    then when the dust settles in 2017 we can assess real aisc, real production, real grades, till then I rather invest in ni stocks that can ride the N3 Eclipse wave the next 12 months not stocks that will miss it entirely.

    lucky you got ni legend RDennis as COO and MB CEO, oh sorry, IGO dont want them either? Wonder which ceo position MB will jump to next after S2 maybe the same ni miner that his buddy RDennis & SIR holders have been piling into the last 12 months.

    What does it say to you when instos issue notices they are selling out or that MB isnt wanted at IGO? Red flag no 9 & 10.

    Reality is a bitter pill. Best served cold. I sit out till end 2016.
 
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