logo-loader
viewSirius Minerals PLC

Things lining up for Sirius's polyhalite project, suggests Investec analyst

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.

Quick facts: Sirius Minerals PLC

Price: - -

LSE:SXX
Market: LSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Britvic PLC sees acceleration in at-home channel sales lead by Pepsi-MAX in...

Britvic PLC (OTCQX:BTVCF) (LON:BVIC) Director of Investor Relations Stephen Nightingale tells Proactive the manufacturer of soft drinks saw an increase at-home channel sales with its slew of trusted soft drinks, despite a months-wide lockdown in the UK. Nightingale says its carbonates...

1 day, 2 hours ago

2 min read