about to start mining? new iron ore in vic, page-6

I am not so sure that this will bolt any time soon. The price of iron has soften significantly since they started, the outlook is not good either.

pre gfc, the difficulty is not getting the license to mine. Post gfc,The real challenge now is getting finance. time has changed. There is quite a few iron ore miners out there who struggles to get funding even if their mine is very promising. Just look at padbury for instance (not saying we are like them).

I hazardly guess that pre gfc, we would easily be at least many baggers over when they announce they have been granted their license.

for now, we will see life once we get funding to develop the mine, and later when we start becoming cash flow positive and possibly dividends.