I have nailed down a lot of iron ore in Guinea and more coming but the 'big boys' are slow to move -aka the nickel 'big boys' like kangaroos in the headlights. Wiped out by Indonesia - Guinea will do the same to all but the majors in iron ore in WA .
Take a look at CZR - can anyone other than a major make a quid with 56 % Fe - Or CUF in which I am a significant shareholder - high grade -great freight rates and port capacity but hard to make a profit. Or SRK -another company who has abandoned iron ore in WA.
Guinea is mostly very high grade and as Flanagan said tens of billions of tonnes which I can vouch for -also lining up billions of tonnes.
Guinea is an "FMG moment" when RIO and BHP watched FMG peg the guts out of the Pilbara they all laughed -just low grade rubbish -well they aren't laughing now.
David Flanagan can see what I can see - billions of tonnes up for grabs in Guinea and the 'big boys' apart from RIO ignoring the opportunity.
And it gets better because this is not like what FMG built a powerhouse on around 56-58 % Fe -- the stuff in Guinea is 65% Fe - even the canga (detritals) averages around 60% Fe.
The big boys will wake up soon and like the early stage FMG backers the punters on board AMD will make a motza.
- Forums
- ASX - By Stock
- AMD General Discussion
I have nailed down a lot of iron ore in Guinea and more coming...
-
- There are more pages in this discussion • 239 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Is oil undervalued?
Add AMD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.61M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $21.16K | 7.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
149 | 304947844 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 52452510 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
149 | 304947844 | 0.002 |
45 | 115002312 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 52452510 | 17 |
0.004 | 110684900 | 45 |
0.005 | 47645429 | 22 |
0.006 | 44176436 | 29 |
0.007 | 8195424 | 13 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
Featured News
AMD (ASX) Chart |