Good detailed response. Were you in U from 2005? At the time,...

Good detailed response.

Were you in U from 2005?

At the time, the numbers planned were probably similar numbers to those you have quoted. I was probably a bigger bull than you at the time and covered the Namibia hopefuls, BMN, EXT and DYL in that order. I held it all the way through from 2005 to 2012. EXT fired big time for me and thank god a take over a week before Fukushima. Without the Jap’s idiocy there would most likely be a bigger premium for the final price. BMN I got out breakeven in the end post Fukushima (gave away eye watering multi baggers) and DYL was as expected a big haircut. Without this black swan and idiotic backup power failure, it would have been a scare and lessons learned instead of cover up, clean up and continued issues to this day! The industry would likely flourish but shiete happened instead.

I’m not new to this sector but decided that if there was a second chance, I will not take anything for granted. Your justifications were my justifications at the time.

What I’ve learned is that as always in every commodity sector, grade is king. BOE has an instant attraction without knowing anything. PDN I think requires a higher spot price and advantage of a mine. The rest will be extending bowl constantly unless spit behaves like Li or Co.

There were constant rivalry between BMN and EXT holders like what you see currently in the Li and Co sectors. As you can see large resource or density. Rossing is the top dog there the EXT!

Some here are probably going through the moment and understandable so Ive lived through the highs and lows in this sector and realized another Fukushima is ever present.

I take it with caution in this sector as you can see current spike can just as easily turn like last year. Good luck to your investments.