There is alot of PE around.
This is a great resource. You just have to look at previous post to see how much iron ore is in the ground. Please make sure you get the information from people who have exp. in this matter and not posting to get thumbs up.
Problem is .. the iron ore is still in the ground.
They have to build 3.5 billion dollars of port and railway tracks that does not belong to them to make this happen.
the government can change.
Most of the PE dollars is control by the US and this is area ..is went anti US with the BRICS.
It like me asking you build me a house that you have an ROI on it. But you have to build to build a road and port that I will own. I could sell the house at anytime and you get nothing.
Would you take up the project with that much risk. the old board really stuffed this up and poor Wal King is left to fix up a mess.
Hence great resource it just stuck in the ground, no one can get to it and the nation that can make things happen they have offended - Beside for that .. it all roses.
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