RE:Quiet
Not sold @DugDug00. Should have. I'm hugely disappointed with their updated NorthMet plans that they finally published at the end of March. Included in the bullet points is this one explosively exciting one! "After tax, internal rate of return is 9.6 per cent for phase I and 10.3 per cent inclusive of phase II" Oh yeah? No. I have to say, "meh". And a billion dollars more for a HYDROMET Phase 2? "Meh" again. This time note the big "M"... You listen to the replay of that PR's corresponding cc and you tell me you're convinced they're going to pull this off because regardless of how hard they might have worked to get to this point, and how many years they've "courageously put in", in what market, exactly, does this ever truly become a viable company for investors that AREN'T GLENCORE? And my sarky comment comes in a week we've seen what having your Company funded and controlled by Glencore gets you = KAT. ... stocks going back to 70c methinks... These are my views only. Thanks for reading.