TSX:SRU.UN - Post by User
Post by
istarion Sep 08, 2004 7:15pm
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Post# 7897900
next voisey bay???
next voisey bay???I'm cautiously quite enthusiastic about sru, but to say it's the next VB is pushing it jusssst a little bit! Why not just promote it on it's own merits? 30 million tons (surely going on 50) of open pit depth $170/t stuff, this sounds truly great imho. The metallurgy might be dodgy, the location surely is expensive, But the cash cost to dig this stuff is surely under $40/t ??? There's a lot of leeway there for all sorts of problems but with spectacular dcf/irr still coming out at the other end. Anyhow, I'll go back to drinking my VB (Victoria Bitter!) in peace.