finance, page-15

yep.

iron ore price is down.

margins stretched.

lenders wary.

aud too strong for many oz industries.

lower dollar necessary.

ife, has, what looks to me, the financial responsibilty to endorse the manganese probabilities & profitabilites to subsidise the iron ore extraction to help balance the book. both minerals can work as one mine in a profitable manner whist maybe each mineral on its own account would be hard pressed in the present times.

if enough manganese is present to mine along with the iron ore then ife is at the races. trf a close second.

there has been some clever manipulating imo of keeping things going. many timelines missed yes, maybe more but imho there is a master stroke going on which will keep things alive until the better days return.

it could all happen very quickly.

there will be a time delay waiting for any manganese results. the price of iron ore will eventually settle. china will not die. booms don't last forever so some clever thinking has to be done.

this is what i believe is plan A.

no need for plan b because i believe plan A will succeed.

time.

pet, cannot answer the other bit @#$%*&^%$()

ted you there ?

can you answer this for petunia @#$%*&^%$()

ted ?

sorry pet, he seems to have gone out.

ps
mr finch will prob not disagree with 40 but if he does, then, sure as eggs are eggs, he'll pass it all over to sr mencel.

he's done most of that already 40.

oh, you back ted.

what do you think ted ?

probably
possible
dunno
PASS

take care,

and do not panic .............


whoooooooooooooooooosh ted, ted, where art thou ted ?