STA unch: pressing on with the construction of their WA mineral sands project Coburn. The company updated the market today to say that the build is progressing as planned with 90% of the scope contracted. Mineral sands markets have been strong with demand outpacing supply in recent months. Strandline plan to be producing out of Coburn by the December quarter next year, hopeful prices remain buoyant until then. It remains a cheap was to play Mineral Sands, so long as there are no delays or cost blow outs in construction, with shares trading around the support level seen over the last 12 months.
MM is neutral/ marginally bullish STA
Add To Hit List
