It appears that FMG with todays announcement of a MoU with Sinosteel have a full plate that may well usurp their appetite for running a ruler over HIO.
I see this as a good development as with HIO's BFS due late this year HIO are well in front of the dev program of the Mid West WA Sinosteel magnetite project, particularly when considering that much of the infrastructure HIO needs is already in place.
I'm interested to hear other thoughts on the FMG Sinosteel tie up and what the implications may be for HIO.
MJ
Iron Awe - how and why HIO could 100X, page-515
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