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Published on Aug 17, 2016
Investec
analyst Jeremy Wrathall talks to Proactive about some of the issues
facing Sirius Minerals PLC's (LON:SXX) ambitious North Yorkshire
Polyhalite project.
Undoubtedly, a large and challenging project, the firm has thought things through "incredibly" carefully, says the analyst.
This week the mining group said talks on securing construction finance was ongoing.
The capital requirements are put at US$2.91bn, with US$1.1bn needed to get the first phase underway.
Wrathall said where funding may have been hard in the past, the last six months had seen a sea change in attitude in the mining sector, with an upturn in commodity prices and investors looking for yields, which they can't get elsewhere, like from gov't bonds.
"This project could become an annuity stream going forward given its high volume and hopefully relatively stable price (of the product)," he even suggests.
http://www.4-traders.com/SIRIUS-MINERALS-PLC-4005436/
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