jazzy, you and I own 2 out of 3 ni companies you mentioned mcr pos, I dont own sir, you seem a smart well researched detailed person..so I give you respect.
whY buy sir at 2.51 when mcr is so cheap or even pan which produces is so cheap?
Sure I think sir will produce but the great expectations are way too high. As for my buy in...you got no idea, our av sp av is well well below what you cite.
As for sir.. market has gone straight down since building started, not a good sign, last half sir posted a -33M cash spend, next half maybe -70M spending $450M next 2 to 3 years. That reality will dawn on investors and shorters for some time to come. Low capex high production low costs, low debt is the holy grail...the only ni stock that has all these is WSA at $2.23 aicc last qtr, neither of one of us own that, so for me its about valuation to production in ni concentrate or valuation to cash costs, resources jorc.
, I may buy sir at a cheaper sp in end 2016 at lower than now.
SIR Price at posting:
$2.51 Sentiment: None Disclosure: Not Held