Craziness. Blame the Greeks - bad money management and plumbing.
Interesting article in the Australian this morning about iron ore juniors. Correctly points out that the economics of iron ore deposits is more about access to ships and less about grade. Hallelujah and praise be someone gets it!!! Give me a mixed grade ore without access issues over a landlocked DSO.. any day!
No surprise then that Atlas is launching at Aurox to get port access, -yep, Ill bet that looks like a good option compared to negotiating port access with Fortescue. Hmmm, makes you wonder why Atlas doesnt just ship ore through their pop-up loader proposed for Ridley ???!
Coincidentally, the Fin points to MGX as having the potential for a 15% gain over 12 months - sigh - do your own research but theres this island called Irvine thats just down the road, has iron, deep water and, - well, -looks to me at least to be a lot more viable than the Greek economy!!!
al
nuts......, page-6
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