IMO a lot of it is just about IOP rising. If IOP continues to above the $US130 and Iron Valley produces a decent amount of product, BCI stand to gain quite a bit of revenue. If you look at FMG, FEX and a number of others, all have risen 15-20%.
In fact FMG was around $16:30 a month ago and closed just above $21 today, which is a 22.7% increase! Imo we are still tracking IO as many still don’t see the shift to salt/SOP.
IMO we need to see water in ponds and a jetty under construction for people to believe something different is happening and it’s exciting!
Ann: Mardie Project Update, page-6
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