I agree that iron ore minnows will have a tough time for many years to come.... I used to like TLM but realised very quickly that with no infrastructure of their own they are likely to remain just another of the stranded iron juniors with a small but interesting Haematite deposit - AGO might be a bit different it's got its act together, infrastructure isn't a problem and it's producing - but as you say, at what cost?....
with all the iron ore (many billions of tonnes) that BHP/RIO/FMG have got, it would take them 100 years or more to deplete their stocks I'd imagine - which leaves the small fry where exactly?.....
can't see small iron stocks recovering unless they can get their ore to market - and how are so many of them going to do that without rail links etc?.... many are doomed imo....
AGO Price at posting:
55.0¢ Sentiment: None Disclosure: Not Held
