just to finish off what I was saying.
85cps. spot on last placement issue price and holding
this has all the halmarks of a deal. Only a deal here with the chinese would be for a producer with a lot of blue sky, an open register and a foot in the door at a couple of other tenements.. RMI for instance.
My reading of the market is that the longer BHP RIO etc hold out for 24% in iron ore the almost near certainty that the 4th biggest producer in oz will become too attractive to leave for someone else.
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