SIR 0.00% $2.52 sirius resources nl

TomBoy, you seem to have a constant issue with capex,...

  1. 852 Posts.
    TomBoy, you seem to have a constant issue with capex, infrastructure and capex, infrastructure.

    Yes POS bought P&P cheap, but they have low quality ore feed to put into it. I 'd also question the condition of those plants.

    SIR is investing capex to process high margin quality ore feed. With a bit of exploration luck , the mine will go for longer and make even more money than forecast.

    Nothing wrong with brand new shiny gear. Generally its reliable, exceeds nameplate capacity and can be incrementally expanded at modest cost.

    Happy Investing.
 
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