RE: Prem29 Jan 2024 22:52
Well I can understand how that expectance of failure underpins your views.
GR is a classical over-promise/under deliver merchant. But there is only so long Canmax pursue Zulu before abandoning it. Their need for Spod is substantial. They have seen this through to now and allowed PREM wriggle room to specifically get over the line. They had no need to do this.
I honestly believe GR gets this over the line. Finally. For me, and its seems quite obvious, they are VERY nearly there. I dont understand how you are able to look past all of the jigsaw pieces of things happening on site, the amount of money spent, the super power canmax still committed and supporting to see any other outcome.
The intricacies of RNS and critiquing of specific wording might be your bag. But I see the bigger picture and I fail to see how this project does not get over the line.
The longer term economics of the plant will be solved by the price of spod recovering over time and the scaling up of the mine and surrounding areas. Its not very complicated for me. Though I am a simple man! ha