Hi Arbitrage24 Apr 2017 13:49
I noted your brief foray from your rather lonely furrow here onto the Sxx forum - and the lack of any analysis within the (muted) responses ;-)....It'll be their loss I'm thinking.
In my analysis So4 has a very good chance and compared to the Sirius Woodsmith development, the time and cost at Goldfields before getting to actual cash flow generation are materially lower, however Sirius does have the potential to have larger multi billion sales in time.
A quick comparative sum, rough estimates:
So4 Mcap ~$50m, potential earnings at projected production 400k(550 sale price - 250 opex) = $120/y, 2.4x Mcap;
Sxx Mcap ~$1000m, potential earnings at projected production 10m(130 sale price - 40 opex) = $900/y, 0.9x Mcap.
Also So4 should get to a position of full production (assuming financed, likely dilution) some 3y before Sirius I would think.
I hold both. I see it as more likely that So4 will get taken out pre production though.
AIMO.
ATB.
GK.