By Ben Turney | Tuesday 20 October 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This morning Sirius Minerals (SXX) finally received the long awaited planning permission for its York Potash Project. Shareholders in the company have had to be extremely patient to get to this point, but now the real work begins. Sirius has to complete its Definitive Feasibility Study for the proposed mine and then secure funding to build it. At 17.75p Sirius is valued at £393.7million. There is certainly a lot of value built into this share price, but does that make it a buy?
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