SRK 3.33% 3.1¢ strike resources limited

http://www.theaustralian.news.com.au/business/story/0,28124,25601...

  1. 480 Posts.
    http://www.theaustralian.news.com.au/business/story/0,28124,25601531-5005200,00.html

    Mentions this (near the end):

    "In the mining sector, Chinese groups are likely to put renewed focus on untapped resources in Mongolia, East Asia and South America as they look to diversify supply opportunities to feed the still booming countries' economic growth."

    One of the reasons i liked SRK was that it was that it looked to be a very low cost producer (using the slurry pipes). However it required massive captial expenditure. The other feasibility studies without this decreased the capex but the overall cost to produce to get it to port was (in my opinion) too costly.

    Now if SRK could resolve the issue with D&C and start to look at getting the pipes in maybe with some chinese backing into the capex we might actually start to go places again.

 
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