TI1 tombador iron limited

certainly was bosto. I’ve taken a substantial position over a...

  1. 843 Posts.
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    certainly was bosto. I’ve taken a substantial position over a few days. IMO this is extremely undervalued project. It still has a long way to go, clearing the stockpiles and developing the resource further but is bargain basement buying under 4 cents. A share price of 10 cents still wouldn’t see the MC above other iron ore producers with a similar profile. With Brazilian diesel prices 20% lower than AU and wages a quarter of our wages TI1 should remain very profitable given the mandates by governments to reduce emissions by using higher grade ores.
    GLTAH
    Cheers Rb


 
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