"The economics of SBM are scary to say the least."
I agree. Below is something I read on the SBM thread that is even more scary;
"A dog to me is something like SLR
If the POG stayed at around $1600 AUDfor the next 7 years
SLR would be lucky to pay back their current market cap
as they have very little scope for improvement
in 7 years most of thier resource would be gone
and it would be time to close up shop
SBM on the other hand would have paid back all debt
Paid shareholders back 3 or 4 times curent market cap
and still have resources to keep turning a profit"
Now that's scary!
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