There has been some negative talk about the ability of IOH to divest non core assets. However, perhaps the current takeover offer for TTY is heartening. That company only has resources of 15mill odd tonnes, but the current offer values the company at $123mill. Yes TTY is producing, but it has yet to turn a profit.
The current talk of Vale and others that the iron ore market will remain strong for at least 3-4 years is also encouraging.
