The up-kick in the IOP (finally!) should be a wake up call that pricing is highly volatile and that projects such as Razorback should be progressed on long term outlooks, not day to day short termism.
The world has changed considerably since ROY put out its PFS. CAPEX savings of 15%, and perhaps as much as 30%, should now be achievable.
With re-alignment of labour costs to the new reality, OPEX will be considerably lower as well.
Of course, projected revenues should be at least stabilizing with premia for super high grade magnetite concentrate solidifying.
Throw in a state government that is gagging for resources development and we have what should be a good setting for ROY to advance.
In this environment, ROY needs to be spruiking its project to both attract the requisite seed funding to actualise it, and generate interest to buoy the SP.
Lots of promise when the company went through renewal, time now to deliver?
The up-kick in the IOP (finally!) should be a wake up call that...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
