"At the same time, with the progressive impoverishment of the iron ore quality throughout the world, the demand for high quality minerals tends to grow to meet increased blending needs, which make them less sensitive to the effects of economic recessions."
It was stated a while back that Trindade North was needed to be mined concurrently with Vale's deposit for blending purposes so that line makes sense.
Either way with 8bil on vales mine expansion just over the fence and 11bil on railway which runs through edge of our property and maritime terminal upgrade yet many wonder if Vale will stump up our measily $40mil. I simply cannot see any way Vale will let this strategic piece of land holding go.Early samples showed FE at 64% if I remember correctly but what's 2% between friends.
Anyway $1m due in a matter of weeks to extend option for 12mnths or buy it outright if we're lucky.
AVB Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
