Good post FG.My 2cents..I think with BHP's recent decision...

Good post FG.

My 2cents..

I think with BHP's recent decision regarding Olympic Dam I am assuming that cost pressures in South Australia regarding construction etc are sure to slow, and perhaps even drop? This may further assist CAP management with refinements to costs of development and production.

This can only be positive for CAP which is basically looking at a large project development.

It is always disappointing to see a company's SP drop, however the volume has been.. well.. tiny. No large holders are exciting so, like you, my recent revisit of CAP left me feeling comfortable.

The IO market is indeed having a mini crisis largely because of China. High cost producers across the board will be dripping red across their balance sheets. Imbalance will be replaced with balance eventually (didnt take that long during the GFC). Also, CAP's project is looking at a minimum 20 years project life, with future exploration offering possibly 30+ years... very long term project with long revenues.

Surely if a company like Sundance Resources can get a T/O in central Africa, a huge, low cost project in Australia can get a J/V partner. SDL is worth over 1.4 billion regarding the T/O, with Billions needed to get infrastructure up etc. hmmm.. makes me wonder who is making/deciding these deals ha!