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Magnetite V's Haematite, page-18

  1. Lion2009
    980 Posts.
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    26/05/17
    18:35
    Post #: 24938709

    I am in the IO industry and I can assure you that no Oz bank would touch it invited or not.

    And I'm telling you now, there will be no new magnetite mines in Australia.

    Who is going to spend $4.5B for a mine capacity of 20mtpa. The volume is chicken shit.

    Presentations are not worth anything. The numbers don't stack up. Like it or not!!!
    IRD Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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