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: 3.55 GBX

Market: LSE
Market Cap: £249.22 m

Add related topics to MyProactive

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


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...



Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

12 hours, 27 minutes ago

2 min read