new steel mill, page-6

i read the newsletter too and am tempted to buy back in but im finding it very hard to trust directors these days, although the point about the premium being paid for high quality iron offsetting the extra production costs does make sense. Karara looking at a 2 billion tonne reserve now? yikes...maybe i better keep upto date with this one!

I remember now there was a iron ore expert floating around these boards saying to stay away from magnetite and to only invest in haemetite stocks, but after reading the newsletter it dosnt make sense! Australia seems the only country that dosnt have a good magnetite operation :S