BHP, RIO or FMg could unlock the value of the Flinders Ore body much faster and quicker by leveraging their nearby mine infrastructure and rail.... Just needs a spur.
Plus they can pull the FIRB Canberra strings if there is a threat to their operations. I also wouldn't rule out the Chinese bidding as well if the offer is good value. I just hope Citi and management don't give away our mountain of Ore for a song.... Ever the chart of Ore value comparisons I posted a few days ago.....we have a long overdue defacing of the Ore body now infrastructure looks like being resolved.
Any offer under $1 on current ore body valuations is insulting.
To Mr Russian (and Indian and Chinese...and Big Australians) advisors be prepare to get your big cheque books out...We ain't giving this away for a song.
now up to a $1 billion spend being speculated., page-13
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Last
77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 339 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 10000 | 1 |
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