https://marketcap.com.au/worth-watching-northam-iron-yet-asx-listed/
I was wondering aloud the other week who might be our neighbor at our Cal East Project.
I think it might be these guys, the shapes seem to fit but I haven't bothered trying to overlay it, someone is already onto a bit of overlaying I remember perhaps they can chuck this image on and see where it fits in regards to us.
It seems Notham Iron if they are lucky might make more money from PGEs than they do from Iron. Iron ore price is very high currently but we will see how long that lasts once Brazil (Vale) is properly online again.
The Chinese still don't seem to like us (their government that is). So far they have only been hitting token export industries like wine and crayfish which really screws those guys but hasn't hurt the overall economy very badly. If the really want to teach Scomos Australia a lesson Im afraid they might favor foreign iron ore over Australian product moving forward....which may cost them more....we shall see.
But Australia has been very very lucky to have iron ore exports peaking through the Covid crisis, its saved our bacon actually.
Anyway here is another potential player in the space. As the article says they may list at some stage but that is besides the point for Pursuit.
Just thought I would post this up for a bit of light weekend reading....as with your very home home, in mining stocks its good to know who your neighbors are..
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