IMO grade is the secondary problem, biggest issue is that it is very far. It will cost $bns(I read $3.5b on the news, dunno where that figure came from) to build a 600km rail to this mine, I much prefer AGO save the money and pay it out as dividend. Who knows what the iron ore price would be few yrs later when the rail is completed, too risky.
- Forums
- ASX - By Stock
- AGO
- iron ore price
iron ore price, page-33
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online