Nice Acquisition, the iron ore project is very sound and economical, those tenements would be high grade most likely. Close to existing infrastructure from former operators Pluton. Very feasible to production with direct shipment of iron ore. This can be off the production in no time.
FMG is over $30b in market cap with its operations in Port Hedland not too far from Cockatoo Island.
This baby will fly for a few days upon relisting
Tight register and new partners on board AMCI (The big fisher end of town and reputable)
Its a very very solid acquisition, existing shareholders will be pleased
Ann: Carbine to acquire Cockatoo Iron NL, page-19
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