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I may buy it if there was decent analysis been provided here to convince me.'Come back in 2012' doesn't quite cut it Lucky_Country. I don't think I'll buy just yet on that analysis. LOLAs I said though, looks undervalued on a current JORC to MC. But maybe for a reason at the moment. Capex is the major problem. There's a lot of work to be done to convince the banks and investors to fork out $3b ++ (probably much more due to current inflation etc) to get it up and running.Obviously FMG were able to do it, so it's on the cards. Different company of course with higher quality assets, and different country. Needs a big Asian backer I feel to get it moving.
I may buy it if there was decent analysis been provided here to convince me.
'Come back in 2012' doesn't quite cut it Lucky_Country. I don't think I'll buy just yet on that analysis. LOL
As I said though, looks undervalued on a current JORC to MC. But maybe for a reason at the moment. Capex is the major problem. There's a lot of work to be done to convince the banks and investors to fork out $3b ++ (probably much more due to current inflation etc) to get it up and running.
Obviously FMG were able to do it, so it's on the cards. Different company of course with higher quality assets, and different country. Needs a big Asian backer I feel to get it moving.
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