"The economics of SBM are scary to say the least." I agree....

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    "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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