The iron ore price is booming due to Chinese demand and record steel production, but how can China maintain current production levels whilst reducing the ever growing cost of imported iron ore?
Could the answer be to purchase additional iron ore projects and could this be the wisdom behind Jupiter Mines iron ore spin off?
Could the Chinese make a play for Jupiter's iron ore spin offs without dealing with the Mt Bevan J/V partners?
Any thoughts?
$300MN MC, page-48
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