Come on Mr Durak - where is the news?
Im progressively becoming more interested in the Iron ore as spot strengthens $130 US per tonne / $197.50 AUD.
Surely a nice tie up should be / could be on the cards.
1.8 billion tonnes, roughly 900 mill high concentrate in the ground.
Gina could be about to tie up right next door with Legacy.
1.2 billion @ legacy + 1.8 billion @ Juno.
Moster iron ore deposit.
Check out the charts of FMG and other iron stocks - flying high and still hitting record while the rest of the mining industry suffers.
China stimulas etc... on the cards.
It makes so much sense. With a tie up, the ore in ground could be, if not already economical. Surely?!
As a holder or Minres, im certain CE proposed at the last AGM they will make $60AUD per tonne at onslow.
$60AUD x 900,000,000 at 62 = $54,000,000,000 / 40 year mine life = $1,350,000,000 PA cash profit.
Go halves with Gina! Team up with Legacy. Make the mine setup economical. Pay the consortium back in 2 years from the profit.
better than the ore being stuck in the dahm ground at a fraction of its potential value.
Team work makes the dream work.
Watcher / research, page-24
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