BBB calls a spade a spade. There are some on this forum who would prefer to hear only optimistic B.S being trotted out by the company. They dont want any suggestion that this deal may not happen. Its one thing to have iron ore in South Australia, its another thing to get it to China and turn a profit. Its one thing to start digging, the ore has to then end up on a ship. The current plan is to truck it to Lucky Bay, load it onto a vessel which then has to go to a loading facility ten kilometres offshore. This offshore facility has yet to be built and funded. Is this going to work or be economically viable?
TYX Price at posting:
84.0¢ Sentiment: Sell Disclosure: Not Held
