Unless the dso is hedged - which at present it is not - then revenue from DSO mines depends directly on Fe prices...
Look at the sp of our Magnetite partner GRR Grange resources as a guide to what the market is thinking WRT to future iron ore prices...
Personally I think there will be a short term bounce within a few months...
But VMS are still nowhere near production, so until the ore is sold it's at the mercy of future Fe prices.
I mentioned all this in one of my recent posts prior to the CR and Big Wilson.
They have to get the DSO out of the ground sooner not later IMO.
dso query, page-2
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